You are about to have the opportunity to have fully banking and trading services for your Karatgold Coin (KBC) accounts available to you. Opening in July of 2018, the KC Bank will become the first of its kind bank to be fully-licensed and operating in cryptocurrencies. Put another way, this bank is going to allow customers to exchange and use their cryptocurrency in ways that have simply not been available to them in the past.
A lot of Wall Street types have long dismissed cryptocurrencies and thought of them as nothing more than a fad. Time and time again these smug and arrogant individuals have been proven wrong. They continue to get things wrong as the KC Bank announcement proves. These currencies are here to stay, and there is more than enough interest in them to keep them viable for a very long time to come. The only real question that most people have is just how can they start to get involved with these currencies themselves.
Liquidity has been a major issue to the growth of some cryptocurrencies. Many complain that the process has been made too difficult. They also say that the modern banking establishment that has been in existence for a very long time does not want competition. Thus, it has limited the ability of cryptocurrency traders to have the chance to withdraw their money just like normal funds from a bank. They have tried to put up barriers to keep Karatgold Coin (KBC) and other cryptocurrencies from bursting onto the mainstream. Well, they have now started to lose that fight.
This new bank is a major announcement simply for the fact that it helps to mainstream some of the activities of Karatgold Coin (KBC). It makes it a more normal part of the economic ecosystem as it were. Thus, more people will surely find this interesting and want to check it out for themselves. That could create a snowball effect whereby more and more people get involved with this currency and that brings added layers of legitimacy to it.
This particular cryptocurrency is unique from some of the others out there because it has something of value to back it up. Its price is tied in some ways to the price of gold. That is different from what you see with other cryptocurrencies. They are not tied down to anything except the faith that their investors have in them. That faith can be shaken by world events and much more. Thus, it is not necessarily safe to trust in these currencies when you do not have to. Instead, consider taking a different route and going with something like Karatgold. You just might be surprised by the difference that it makes.
At the end of the day we now have a fully-licensed bank that specializes in cryptocurrencies on our hands. This is a sentence that could not have been written not all that long ago. It is a tremendous step in the right direction as far as many in the industry are concerned.