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Hi, guys! This is a big step in the future of payments so be the first to know about it and spread the word. I haven't had a reply yet.
I am concerned about Gatehub/PBG issuing their gold as XAU on the RCL because they are not issuing XAU as XAU is the ISO currency code standard for 1 troy ounce (ozt) of .999 fine gold an meanwhile they are offering 1 XAU at a rate of 1g. When a user unknowingly trusts Gatehub's XAU and another Gateway's XAU then that user could potentially be ripped off for an great deal of value. I got a lot of flack on the official forums for wanting to issue fractional silver as XSG instead of issuing fractional amounts of XAG when I was discussing how I should set up my gateway's redemption policy which was settled on the latter as XAG would allow paths to be found easier. If Gatehub/PBG knew they were not dealing in troy ounces but grams then chose to ignore proper naming conventions and saw this as a non-issue then I think we have a problem; I propose we begin a critical discussion about Gateways and their usage of ISO standard currency issuances. I would like to ask @JoelKatz @nikb @mDuo13 to please comment on this issue if they can please find the time to do so either within this thread or over twitter.