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.”
About GoldMoney
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 bitgold.com.
For more information on GoldMoney, visit ir.goldmoney.com.
No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein. Neither
the TSX-V nor its Regulation Services Provider (as that term is defined
in the policies of the TSX-V) accepts responsibility for the adequacy of
this release.
Forward-Looking Statements
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.
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