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I noticed you can use gold (xau) on robosats, how does that work?
260 sats \ 5 comments \ @stack_harder 28 Feb 2025 bitcoin_beginners

So i noticed this the other day when looking at currency options XAU is there.

not that this is something that would be of any use to me, but I was curious how this works exactly?

is this just a pricing in gold for anyone curious, if so, is there a point since there are no offers for it and, as far as i know, you wouldn't be able to do any kind of commodity transfer?

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126 sats \ 1 reply \ @DarthCoin 28 Feb 2025

How? Simple.

  • take a tungsten or lead bar
  • cover it in a thin level of gold
  • send it in a nice package and with a fake certificate.

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0 sats \ 0 replies \ @stack_harder OP 28 Feb 2025

you will receive your fake gold bar in the mail in 3 - 6 weeks

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0 sats \ 1 reply \ @Signal312 28 Feb 2025

I think you can input all kinds of currencies, but there's very few that actually have offers (USD, EUR, Brazilian Real, and a few others).

Maybe post a question on the telegram channel, or the Simplex chat channel, see what people have to say...

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0 sats \ 0 replies \ @stack_harder OP 28 Feb 2025

yeah, I see most liquidity in the usual suspects; it's just a surprise to see xau in there. ill have a look on simplex too

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21 sats \ 0 replies \ @TheMorningStar 1 Mar 2025

That's Gold Tether I guess.

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