Anthem Vault has launched a gold-backed cryptocurrency based on bitcoin blockchain. The currency was called Hayek in honor of Friedrich Hayek, Austrian Nobel-winner economist. Official press release says that “one coin will be valued at 1 gram of gold at the day’s market price and will serve as a more secure store of value than Bitcoin.” Hayeks will be stored in digital wallets like any other cryptocurrency.
Anthem Vault was founded in 2011 and thereafter proved to be a reliable gold and silver retailer. It provides customers with services of purchase, store and sale of 100% fine gold and silver bullion. Anthem puts security at the top of its priorities and has won trust of their clients for several years of impeccable service.
Anthem Blanchard, CEO of Anthem Vault, holds ground that gold remains to be “the most trusted store of value of all time”. No wonder that gold was chosen for backing of new digital currency. The topic of gold price volatility seems not to bother Blanchard. He insists that gold went down only in dollar terms while went up in all other currency terms.
Blanchard agrees that dealing with currency is more convenient for people and adds: “Currency has outperformed gold as a means of exchange because of convenience, but HayekGold eliminates that advantage, allowing individuals worldwide to fundamentally rethink how they use money and protect their assets”.
One of the main advantages of Hayek, bitcoin and other cryptocurrencies is high resistance to cyber attacks. If banking system is hacked, customers’ funds are endangered. Digital currencies on the contrary have absolutely different technology. They offer decentralized system of confirming the transaction thus providing a zero probability of system failure.
Anthem Vault raised investments in the amount of $3.2 million. It attracted investors from healthcare, pharmaceutical, financial, telecommunication, entertainment and government sectors. Inspired by successful launch the company is planning to continue raising funds: “The first round of financing focused on strategic investors and angels that understand the promise of our technology and respect the founders’ innate. We expect that a strong start of HayekGold will be the proof of concept to showcase that expertise to a broader population of investors across technology, payments, precious metals and retail platforms.”
Blanchard believes that Hayek is to have a bright future: “Gold combined with a stable cryptocurrency forms a perfect union – a free, instant, secure and reliable payment system for goods and services anywhere in the world simply, swiftly and safely.”