Goldmoney Inc T.XAU

Cryptocurrency for Goldmoney/BitGold!

[Ecovest]

Goldmoney sounds like it’s a cryptocurrency backed by physical gold.  If so, this would be a fantastic idea!

 

With the exponential growth of the cryptocurrency market, is the company Goldmoney considering this idea?

 

If so, their name/trademarks Goldmoney and BitGold are great!

 

Anybody have thoughts on this?

[Edamame]

Goldmoney had the software and capability to do this in 2015 but Roy stated at an AGM I attended once he wouldn't do it because he didn't know how Governments would react and he had a duty to protect and safely store his clients' assets.

[cory881]

aThats the dream.. but their dreams got crushed by regulators.. hoping they can eventually pull it off

[Ecovest]

Yes, the company definitely needs to reactivate their cryptocurrency strategy and quickly.  Goldmoney could achieve $1 billion valuation in an instant with that approach. How have the regulators stifled this idea? How would a Goldmoney/BitGold cryptocurrency be different from Bitcoin and the many other cryptocurrencies to the regulators?   What has the company done recently

[cory881]

I'm not sure about recently.. but back in the beginning Roy was very involved.. I'm guessing they pulled out due to troubles with regulations in Jersey?? so now that they are out hopefully they can bring back block vault.. maybe bring back Bitgold but this time as a crypto backed by gold.. it's all wishful thinking at this time.. Roy has disappointed a very large passionate group of

[Ecovest]

Well, a cryptocurrency backed by gold was then, and still is now, the right strategy! The sooner the company Goldmoney can revive and implement that strategy, the sooner it will achieve greatness. A rebranding is certainly an option although the names Goldmoney and BitGold do have lots of appeal from a marketing perspective for a cryptocurrency.  The name BitGold in particular because of

[cory881]

I'm hoping that the failure to move forward with past crypto plans was due to regulatory issues from Jersey.. Roy used to be very ambitious and focused on growth then he just went silent.. back in the day he traveled around and did town halls and conference calls and really was into building something big.. if he has just tapped out I would suggest it's time for a new CEO.. time will tell