PinkCoin Now Available At BitGems; Additional Fiat Currencies Coming Soon

Precious Investments Inc. on Monday announced that tokens of the world’s first diamond backed cryptocurrency, PinkCoin, can now be purchased from BitGems Asset Management Ltd. (BVI) directly at the website https://pinkcoin.bitgems.io/.

The company also said that it has decided to change its PinkCoin cryptocurrency ticker symbol to “PNIK” in order to match its stocks OTC ticker symbol.  It added that PinkCoin is still available at the digital currency exchange Coinsquare, under the ticker symbol PNIK and can be bought in exchange for all other’s currencies supported by Coinsquare (Bitcoin, Ethereum's Ether, Gold, Silver, Canadian Dollars and U.S. Dollars - by wire only).

“We are pleased to announce that PinkCoins can now be purchased directly from our wholly owned subsidiary BitGems Asset Management Ltd. as well as at the digital currency exchange https://coinsquare.io/, under the ticker symbol PNIK”, said Natalya Hearn, Precious Investments, Inc. CEO in a statement. “I am very pleased by the acceptance we are getting in the market place with PinkCoin.”

On January 18, 2016 BitGems Asset Management Ltd. launched the crowdsale 5 Million PinkCoins at US$1 per coin backed by a portfolio of US$5 Million of colored diamonds.

“By the beginning of the 2nd quarter we should be in a position to accept the following additional fiat currencies in exchange for PinkCoins: Russian Ruble, Ukraine Hryvnia, Brazil Real, Argentine Peso and Chinese Yuan”, said Kashif Khan, Precious Investments, Inc.’s COO.

PinkCoin is an Ethereum based cryptocurrency backed by a pool of fixed colored diamond assets kept in trust by BitGems Asset Management Ltd. The diamonds are insured by Lloyds of London and all escrowed diamonds have been independently appraised and certified.