Request Network partners with Digix Global to allow invoicing in gold

At the Request Network Foundation we are very glad to announce a partnership with Digix, an asset tokenisation company that aims to bring real gold onto the Ethereum blockchain in a fully transparent and secure manner. Due to this partnership we will see the gold-backed Digix gold (DGX) tokens available as an option for invoicing on the Request Network. This allows anyone in the world to digitally send and receive invoices which can be paid with gold.

Soon all users of the Request Network will be able to request an invoice to be paid in DGX tokens, which are backed by 99.99% gold cast bars from London Bullion Market Association (LBMA)-approved refiners on a 1:1 basis, where 1 token is backed by 1 gram of gold. Having gold-backed tokens available as an invoicing option allows users to receive and send payments in a stablecoin, whose value is not subject to the high volatility of the cryptocurrency market or to foreign exchange fluctuations.

DGX tokens are backed by 99.99% gold cast bars from London Bullion Market Association (LBMA)-approved refiners on a 1:1 basis, where 1 token is backed by 1 gram of gold.

While the financial services industry continues to witness interest in blockchain technology, asset-backed tokens such as the DGX token are a good way for users who want to hedge against any volatility through a safe haven asset.

Digix is an asset tokenisation company with an aim of tokenising real world assets through several proprietary technologies, such as the Proof of Provenance (PoP) protocol which ensures the legitimacy and transparency of the process through which gold bullion is represented as digital assets.

DGX 2.0 has just launched on April 8 and is now available for purchase on the Digix marketplace. Users can register for an account and purchase DGX 2.0 tokens once they have submitted their KYC information and have their Ethereum address approved.

For more information about Digix make sure to visit their website here!