TORONTO--(BUSINESS WIRE)--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 the remaining core platform features for individual accounts and the BitGold P2P payment ecosystem. Request Gold allows BitGold users to send onetime 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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This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: the Company’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; unproven markets for the Company’s product offering; volatility of gold prices & public interest in gold investment; lack of regulation and customer protection; the need for the Company to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; foreign currency and gold trading risks; use and storage of personal information and compliance with privacy laws; use of the Company’s services for improper or illegal purposes; global economic and financial market conditions; uninsurable risks; and those risks set out in the Company’s public documents filed on www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.