Diamonds are forever and now they are to back a new cryptocurrency

On Sept. 6 a company called Sparkle Coin, Inc introduced a new resource backed cryptocurrency to the market.  However what is different about SparkleCoin is that it is not being backed by commodities such as gold or silver, but instead by one of the hardest substances known to man.

Diamonds.

Sparkle Coin, Inc. today introduced its eponymous cryptocurrency, the first of its kind backed by diamonds, as the initial step toward the company’s goal of creating more efficient global economic growth to promote societal advancement by developing a platform that brings cryptocurrencies into the mainstream business and consumer markets. Sparkle Coin is a hybrid cryptocurrency possessing the best qualities of both POW (Proof of work) and POS (Proof of stake), providing rapid adoption through mining of Sparkle Coin as well as long-term sustainability through minting.
Founded by business and technology veterans, Sparkle Coin is designed to be a part of a new economic ecosphere, built on a solid foundation of proven business fundamentals essential for real-world transactions. 

“Cryptocurrencies were always envisioned to revolutionize global financial markets and the way consumers and businesses transact,” said Victor Wong, founder and CEO of Sparkle Coin, Inc. “Sparkle Coin bridges the gap between cryptocurrencies and traditional business by developing an economic ecosphere comprised of an asset-backed cryptocurrency, transacted through a powerful currency exchange, with an outward facing cryptocurrency payment gateway allowing virtually all merchants to accept cryptocurrency though an online shopping mall or directly on their own websites.” 

After the initial coin release (ICO), Sparkle Coins can be transacted on VCoin Exchange, an advanced currency exchange that allows for trading with other cryptocurrencies and fiat currencies. VCoin Exchange also provides software and payment gateways for virtually any merchant to accept Sparkle Coin and other cryptocurrencies as payment for products and services. 

Online shoppers can use their Sparkle Coins as well as other cryptocurrencies to purchase products directly from their favorite stores including Amazon, Walmart, Target, Toys R Us, Bed Bath & Beyond, Staples and more via VCoinMall.com, a front-end order management and payment processing service. – BTC News


Source: The Daily Economist