Aurus in the Press
This page is dedicated to all the newsworthy things we’re doing. We’re a company built by interesting people with interesting stories. Don’t hesitate to reach out and talk to us!
Aurus, the fintech company whose blockchain protocol is revolutionizing the way gold is traded, has finalized a funding agreement with Dubai based Silver Rock Group Limited to pre-subscribe for €1.000.000,- worth of AurusCOIN (AWX) tokens at the companies upcoming Initial Exchange Offering. The AurusCOIN token derives 70% of the revenue created from fees generated by […]
Across many lands, central banks are exploring or studying the feasibility of launching central bank digital currencies (CBDCs). It has dawned on many experts in the field of central banking that the blockchain and cryptocurrencies are inevitable innovations. Privately issued Bitcoin has already demonstrated that digital currencies or cryptocurrencies have a place in today’s financial […]
Our forebears were not entirely wrong- their instincts were on point when they introduced Gold and silver as a universally accepted choice of money to displace the problematic barter system. Indeed money is as old as human civilization. We’ve now come so far as to have agreed on major identifying marks of money namely: Medium […]
London Startup Aurus Launches Gold-Backed Crypto Token, Possibly Opening The Gold Market To New Investors
The idea that crypto coins can be used for everyday goods and services is not a reality, yet. Stablecoins offer the potential for crypto to be used as day-to-day payments because their value is pegged to an underlying asset, where price stability is more consistent. Still, the middleman sitting in-between buyer and seller exists to exchange digital […]
For a long time, gold was money. Right up until the gold standard was abandoned for a fiat monetary system just 50 years ago. It didn’t take long for the flaws of intrinsically valueless money to become apparent. History has demonstrated time and time again that a currency subject to inflation isn’t sustainable. A reliable […]
After a summer of soaring gold prices it’s been rather quiet in the gold-backed token space but we are ready to share some excitement! As launching a product that’s fully regulatory compliant has been the number one priority from day one, Aurus has gone through multiple efforts to make sure our product would be legally […]
The need for cross-border payments are becoming increasingly more important as the world is rapidly globalizing. The cross-border payment market has grown to be a US$22 trillion market, fueled by increasing international commerce, migration and changing economic trends. Today’s modern societies expect cross-border payments which are frictionless, secure, transparent, cost-effective and fast. Unfortunately, financial technologies […]
On April 10, 2019, Aurus attended the DMCC precious metals conference which took place in Dubai, the city of gold. The event presented many networking opportunities for Aurus as it was attended by some of the largest names in the precious metals industry.
Two of our team members recently came back from networking at the 2019 London Blockchain Week. Over the course of a few days, many valuable discussions took place with potential integration partners, digital exchanges, gold providers, and institutional custodial services.
There’s a lot that happened in the blockchain industry looking back on last year, one of the most notable events being the cryptocurrency battle with the brutal bear market.
With the emergence of blockchain technology, buying, selling and trading gold is about to become more efficient than ever. Gold is leaving behind its long and self-destructive paper-based trading past and embarking on a new digital relationship powered by blockchain.
Throughout the ages, gold has been associated with wealth, prestige and power and has long been considered a prized asset for investors around the world. The numbers don’t lie — approximately $5.9 trillion of gold are traded every year, an amount that dwarves the value of the DOW Jones Industrial Complex and S&P 500 combined.