Mr. Roy Sebag reports
GOLDMONEY INC. SUBSIDIARY BITGOLD ANNOUNCES ONLINE BANKING CONNECTIVITY IN 23 ADDITIONAL COUNTRIES
Goldmoney Inc.'s BitGold Aurum
gold-settlement technology is now connected to on-line banking across the
single European payment area. Through a partnership and
engineering integration with Trustly Group AB, a technology
leader in secure on-line payments, the BitGold platform is now directly
connected to hundreds of on-line financial institutions across Europe for
direct deposits and redemptions. Aurum is the patent-pending ledger,
exchange and settlement technology underlying the BitGold platform,
allowing BitGold users to move seamlessly between currency and vaulted
gold from their on-line account or mobile app.
Instant deposits or redemptions with financial institutions across
EU/EEA
With the Aurum update and Trustly integration now live, the BitGold
platform is directly integrated with European accounts that benefit from
secure authentication and instant on-line bank transactions. Unlike
traditional bank wire transactions which can require several days to be
credited into a user account, the Aurum integration allows BitGold
platform users to verify and link their accounts in an innovative
real-time authorization process. BitGold users with an account at
connected European financial institutions can authorize deposits or
redemptions instantly, making transactions more automated, secure, while
avoiding bank wire fees and any foreign exchange fees that would be
charged by their bank. Users may now instantly deposit gold value in 19
countries using euros, British pounds sterling, Danish kroner or Swedish krona, and redeem to bank accounts in 23
European countries.
As an alternative to a traditional bank wire or credit card option for
gold purchases or sales from the platform, some of the new advantages
for users include:
-
No minimum transaction sizes;
-
Reduced transaction fees where a user's account normally charges for
incoming or outgoing wires;
-
Reduced paperwork time and lower potential for human processing errors
through automation;
-
SEPA transactions are easily tracked and reconciled between BitGold
and the incoming/outgoing financial institution, increasing control
and visibility.
"We continue to focus our efforts on cementing the Aurum technology as
the best-in-class standard for execution and settlement of physical gold
transactions, removing all friction from gold to currency transactions
and making our gold accounts as seamless as any other form of money used
in electronic banking," said Darrell Macmullin, BitGold chief executive officer. "Today's
integration connects BitGold directly to millions of chequing, savings
and investment accounts in the [European Union/European Economic Area], which also paves the way for gold
payment processing, remittance transfers, and commercial C2C, B2B and
B2C transactions using gold as the lowest-friction global payment rail."
"Region by region we're engineering new connections and breaking down
barriers to gold access for savings, and also creating what we believe
can be the most efficient global payment medium," says Roy Sebag,
Goldmoney CEO. "We've now enabled the latest technology for interaction
with the EU/EEA banking systems for enhanced verification, security and
unprecedented simplicity in buying and storing vaulted gold. Our goal is
to have additional direct bank integrations in every major continent by
the end of 2016."
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.