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.”
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 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.
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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