Miami-based Karat Coin Bank and its owner, Harald Seiz, launched KaratGold Coin in 2018, a new cryptocurrency based on ERC20 blockchain technology backed by actual, securely stored gold whose price will never change fall. KBC is not just a cryptocurrency. KBC represents a complete paradigm shift. The idea of ​​creating and building KaratGold Coin is based on the current unstable global payment system. The findings show that the current payment system, controlled by traditional banks, is inefficient, fragmented, expensive and time-consuming. In order to change this situation, KBC together with the KaratGold ecosystem has developed a globally viable solution: pegged to gold. Each KBC represents a certain weight of gold, and a certain amount of KBC can be exchanged for physical gold in cash.