GoldMoney Inc. Announces the Launch of Recurring Savings and Payments Tools for the BitGold Platform
Toronto, Ontario (September 16th, 2015) – GoldMoney Inc. (TSX-V: XAU), a full-reserve and gold-based financial service and technology group, announces the launch of automated savings and payments tools for the BitGold platform. The BitGold platform, a self-directed savings platform and payments network, continues to add new tools and features never before available in the consumer gold market, driving innovation by increasing access, lowering friction, and increasing the utility of gold as a form of savings and as universal payment medium.
Now available to BitGold clients, recurring payment tools are designed to increase the functionality and engagement for both savings and payments segments. The recurring savings tool, BitGold’s “Gold that Grows” program, is an automated deposit feature that allows clients to pre-define an accumulation plan set on a daily, weekly, or monthly schedule. Clients can choose from multiple funding sources, including ACH bank transfers and credit cards, and create a self-directed, auto-accumulating gold savings plan through the platform. The recurring payments tool allows users to plan and schedule recurring gold payments anywhere in the world. BitGold payments are a free, instant way to transfer value anywhere in the world, ideal for cross border transactions, connecting family savings across borders, or for internet service payments to or from jurisdictions with illiquid currencies or high fee foreign exchange or banking services fees. With a recurring payment plan, clients can standardize periodic cross-border payments and transfers, increasing the BitGold network utility.
“Recurring saving and payment tools have the potential to become some of the most important features of the BitGold platform,” said BitGold CEO Darrell MacMullin. “Mathematically speaking, gold has retained value in savings better than any global currency since the central banks ceased fixed conversion to gold in the 70’s, even after including the standard deposit interest that banks pay customers for taking solvency risk. Before BitGold however, gold was often viewed as an investment where people timed their purchase given the friction, large minimum denominations, and other time and fees involved in accumulating bullion. Leveraging the BitGold platform’s e-payment integrations and settlement technology, savers can now build positions in gold that align with the unequivocal outperformance of gold over time, while tailoring their savings plan to the size and frequency of their needs with maximum automation and minimum cost and friction.”
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 275,000 clients from over 200 countries and $1.5 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.
BitGold Corp. The LaunchPad Agency
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