BitGold Launches Request Gold Payment Application Completing Key Platform Milestone
Toronto, Ontario (December 31, 2015) – GoldMoney Inc. (TSX-V: XAU), a full-reserve and gold-based financial service and technology group, is pleased to announce that its wholly owned subsidiary BitGold Corp. has today launched a new platform feature, the Request Gold Payment application. The engineering and launch of the Request Gold Payment application completes one of the remaining core platform features for individual accounts and the BitGold P2P payment ecosystem. Request Gold allows BitGold users to send one-time payment requests or recurring payments – ideal for “installment paybacks”, subscriptions, or service retainers – that are processed and settled as vaulted gold. The Request Gold application and other automated payment tools on the network can also drive recurring transactions, turnover velocity in the payment network, and recurring revenue for BitGold.
Utilizing vaulted gold, a globally recognized, globally fungible asset with proven monetary properties, BitGold offers a low cost, low friction option for instant global transfers as an alternative to bank system money transfers. P2P funds transfers is one of the fastest growing categories in digital payments globally and BitGold believes that sending and requesting money from anyone in the world can be simplified using gold and automated payment tools and applications. BitGold’s innovative gold technology rail enables anyone to send and request funds from any currency, and transfer funds to any currency or stay in gold for only 1% transaction fee.
“Gold has always been a great savings currency,” said Darrell MacMullin, CEO of BitGold. “Now we add utility to gold with an easy to use operating system utilizing the latest payments technology. The BitGold Request Gold feature provides a truly global, efficient alternative to conventional bank or money transfer services and their ‘hidden fees’ in order to request or transfer value cost effectively. As a onetime payment request, or recurring in subscriptions, installments or retainers, this new feature has been designed to take the complexity and hidden costs out of requesting or sending funds globally, saving users both time and money.”
GoldMoney Inc. is a global, full-reserve and gold-based financial services group. GoldMoney provides financial services as a trusted, limited third-party, combining the unique attributes of gold with technology-driven innovation. Through GoldMoney® the company offers precious metals custody and wealth services, trading and execution, and independent research to individual investors and institutions. Through BitGold™ the company operates a self-directed savings platform and a payments network allowing individuals and businesses to make or receive online, in-store or mobile payments. GoldMoney Inc. has over 550,000 clients from over 200 countries and $1.6 billion in client assets under administration. GoldMoney is regulated by the Jersey Financial Services Commission (JFSC) as a Money Services Business. The JFSC is the main supervisory body that oversees and regulates Jersey’s large financial services industry. For more information on BitGold, visit bitgold.com. For more information on GoldMoney, visit ir.goldmoney.com.
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