Peter Schiff’s firm Schiff Gold is developing a blockchain-based tokenized gold platform with instant transfer, redemption, and gold-linked debit card spending features.
Economist and Bitcoin critic Peter Schiff announced that his company, Schiff Gold, is building a blockchain-based tokenized gold platform. The service will allow customers to purchase vault-stored gold, tokenize ownership, and transfer or redeem it instantly. Additionally, users will have debit card options enabling spending with automatic settlement through gold sales. This development reflects Schiff’s commitment to gold-backed financial services over cryptocurrencies like Bitcoin.