Vaultoro is a cryptocurrency exchange which offers such pairs as crypto and gold, and the gold is stored in a high security vaulting facility operated by ProAurum Switzerland, the largest precious metals dealer in Europe. Basically, Vaultoro is a way to buy and sell physical allocated gold and spend it anywhere Bitcoin is accepted.
Vaultoro has recently announced that it is implementing Lightning Network as an instant deposit method. Vaultoro CEO Joshua Scigala stated that Lightning is a technology that makes Bitcoins so fast that if you want to buy an order out of Vaultoro’s order book, you can hold Bitcoins in a wallet on your phone, set the order on Vaultoro, get a QR code and send the bitcoins through the Lightning Network, directly purchasing the order.
The Lightning Network takes bitcoin mainstream in terms of speed, privacy and utility. It’s the icing on this evolutionary cake and it’s beautiful to watch unfold. I’m super proud to make Vaultoro a little part of this story.
The users who are using Vaultoro can trade directly with other members and without a middleman, setting the prices themselves and saving expensive brokerage costs.