Karatbar Smartphone IMpulse K1 Sets the Bar of Phone Security

In the cryptocurrency industry, only a few coins have the infrastructure for it to be used as a means of payment. Although most cryptocurrencies are backed by assets such as Gold and other precious metals, it still would not mean much if it cannot be converted easily into a useful mode of payment.

However, KaratGold Coin (KBC) is not just like any other cryptocurrency. The company made sure that there is a network of infrastructures that can work to circulate the coin. This includes software and online stores (K-merchant). And now it also includes a high-grade secure smartphone – the IMpulse K1.

KBC is handled by Karatbars International, a Germany-based retailer of Gold. It was established in 2011 and has eventually developed an infrastructure based on its main asset (Gold), blockchain technology and digital assets (cryptocurrency).

High-Security Smartphone

The need to secure sensitive data and information is very vital nowadays and Karatbars has taken note of that. Traders and investors who do transactions online need a platform where their account numbers and assets can be kept safe. Messages and voice calls should be kept private too. And this is what Karatbars’ IMpulse K1 is trying to address.

IMpulse K1 transmits calls and messages via Voice Over Blockchain Protocol (VOBP) This uses blockchain technology and has peer-to-peer encryption to keep data safe and secure transmissions. This makes it impossible for third parties to hack, wiretap or manipulate the phone’s programs, files and data.

One-Click Payment

Only a few cryptocurrencies can be used as payment. In fact, only the big ones – Bitcoin and Ethereum, are widely accepted in digital commerce. Others cryptocurrencies, despite their novelty, still lack the infrastructure and tools to make them more practical and user-friendly.

KBC, however, has K-merchant – a platform that allows online stores to accept KBC, Bitcoin, and Ethereum as payment. It can be integrated into e-commerce platforms such as Woocommerce and Magento. KBC holders can use their coins in these online stores to pay in just one click. It’s fast, easy, safe and secure!

Gold as Payment

Karatbars International is a leading Gold retailer before it even issued its very own KBC cryptocurrency. It has established a fully licensed crypto bank with assets from a goldmine in Madagascar. According to MM Revisions, a German finance auditor, the total worth of Gold assets owned by Karatbars International is valued at €930 million.

The good news is, KBC holders can start converting 100 KBC tokens to 1 gram of pure gold. Investors can receive their Gold in CashGold form in Karatbars’ ATMs. KBC holders can start converting their coins by July 4, 2019.

Karatbars CEO Dr. Harald Seiz hopes that the phrase “I will pay in KBC” will be used eventually to mean “I will pay with Gold.”