The Israeli diamond exchange intends to issue its own crypto-currencies, which will “weigh” the carat, that is, are provided with diamonds. One crypto currency will be for investors – Carat, and the other for settlements between professional participants of the diamond market – Cut.
The agency France Press referring to the managing director of the exchange Eli Avidar writes that the cost of Carat will be 25% provided with diamonds available at the trading floor.
“The new crypto currency … will be backed up by purchases of diamonds in the Israeli market and will be displayed as an updated indicator in the trading floor and on various trading websites along with other national and international economic indicators,” the exchange said.
“This should make it attractive in comparison with 1.4 thousand crypto-currencies that exist in the world”, – his agency cites.