“GreenBank Capital (CSE:GBC), the Bitcoin merchant bank, says it has made its first investment through its new Bitcoin Angel subsidiary, acquiring 20% of the Sovereign Exchange International, which issues Sovereign virtual trade currency and operates the Sovereign Exchange. The exchange will facilitate the conversion of physical gold or silver into Bitcoin, which will provide precious metal investors with ‘purchasing-power within a business community that extends price discounts for virtual grams of silver, known as Sovereigns.’ Every Sovereign will be 100% secured by investment grade bullion, and can be tendered between members or used at any time to claim physical gold or silver.”
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