GoldMoney Launches World’s First Gold Balance Funded Prepaid Card via the BitGold Platform
Toronto, Ontario (November 13, 2015) – GoldMoney Inc. (TSX-V: XAU), a full-reserve and gold-based financial service and technology group, is pleased to announce that after a successful beta program, its wholly owned BitGold platform has today launched the GoldMoney Prepaid program. The Prepaid program aims to empower hundreds of thousands of platform clients with a payment method accepted by over 35 million merchants worldwide, giving access and payment utility to fully-reserved and gold-based savings.
The GoldMoney Prepaid card is free to request and available to qualified users on the platform with a 1 gram or more settled gold balance and a valid ID and utility bill. The prepaid card program will also be available to GoldMoney platform customers in the near future.
“Gold is the world’s best performing money for savings when measured objectively against global currencies over the average human savings cycle, and now we are making it accessible and useful through today’s payment technologies,” said Roy Sebag, CEO of GoldMoney. “With the launch of this prepaid card we now embark on the second phase of our platform evolution into payments thereby increasing the utility of our network. We also unveil an important second business line that will generate recurring revenue and contribute to increased velocity, allowing us to match internal liquidity and earn transaction spreads devoid of processing costs.”
“The prepaid program offers users many conveniences and versatility, with or without a large gold savings balance,” added Darrell MacMullin, BitGold CEO. “Our clients can easily access their wealth in three convenient currencies at one low gold-conversion rate, thus no longer exposed to high foreign exchange fees when traveling throughout the USA, Europe or the United Kingdom. The prepaid program is also great for shopping online in different currencies, or sending gold value across the world where it can easily be converted and spent as foreign currency – useful for students, foreign workers, or for remittance value transfers.”
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 450,000 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
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