[September 02, 2015] |
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BitGold™ Launches Mobile Application for Android and iOS Platforms
BitGold
(#bitgold), the world's first and only platform for savings (#savings)
and payments in gold (#gold), today announced it has launched its mobile
application for Android (News - Alert) (#android) and iOS (#ios) operating systems.
Available today, the official BitGold mobile application is free to
download from Google
Play and Apple's (News - Alert) App
Store. BitGold is a wholly owned subsidiary of Canadian-listed
GoldMoney Inc. (TSX-V: XAU), a full-reserve and gold-based financial
services and technology group.
What is BitGold?
The BitGold platform (web and now mobile) is advancing the digital
payments revolution by helping people securely acquire, store and spend
fully-allocated gold with unprecedented simplicity. Accounts are free
and can be opened in minutes. BitGold provides users with a secure vault
account to purchase and hold gold in the vault of their choice using a
variety of electronic payment methods, the ability to make and receive
instant gold payments, and a prepaid card for spending gold at
traditional points of sale.
Every gram owned is the property of the owner and can be fully
redeemable as physical 1kg Bullion Bars or 10g GoldCubes®. In addition,
users can send and receive gold as payment to and from any BitGold user
or seller for free*. BitGold also makes it possible for users to send
gold as payment to any non-BitGold users with an email or a mobile
phone, and now even easier using existing contacts right from the mobile
app.
The BitGold Mobile App
The BitGold mobile app provides a rich user experience and offers all
the functionality of the desktop platform and more. With the BitGold
app, users everywhere can buy physical, titled gold around the world
within minutes, or use the app to make and receive free global payments
using vaulted gold. Merchants can use the application to accept in-store
or online payments and process transactions by tapping into the BitGold
network.
App features include:
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Multi-currency: 106 currencies supported.
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Instant payments within BitGold network or to
native phone contacts: allows users to send gold to other users
or non-BitGold contacts via sms, email or social sharing functions by
tapping into the contacts already present on their mobile device.
Non-BitGold users have 24 hours to sign up and collect their gold,
with notifications sent via sms and email.
-
QR payments to simplify point of sale
transactions: the BitGold app generates unique QR codes for
each user, allowing for instant payments by two unfamiliar parties not
required to exchange personal contact information. This QR technology
serves as the perfect medium for in-store transactions, allowing
purchasers to simply scan a seller's tablet (or printed) QR code to
complete a payment.
-
Enhanced BitGold Golden Hearttm
Program: the BitGold app enhances the Golden Heart program by
allowing existing users to share a unique referral link with their
native contacts or social sharing, allowing users and their friends to
earn gold by growing the network.
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Multiple deposit methods: the BitGold app
delivers unprecedented payment options and user experience through
multiple funding rails; bank transfer, credit card, debit card,
bitcoin, China UnionPay, Interac and additional deposit methods in the
works.
-
Multiple redemption methods: bank
transfer, BitGold Prepaid Card load in multiple currencies, physical
gold (cubes or bars). The BitGold app seres as a funnel for loading
the BitGold Prepaid Cards allowing users to deposit or earn gold and
instantly load their card for non-network purchases and ATM
withdrawals.
"Our mission is to empower this growing wave of mobile users with a
secure gateway to global vaults, while at the same time building a
network for the world to transact without so much friction, tolls and
inter-bank risks," said BitGold CEO, Darrell MacMullin. "With over
225,000 signups within our first 100 days, we are pleased to see the
rapid growth and reception of the BitGold platform. We look forward to
launching our next suite of payment tools for the BitGold desktop and
mobile platforms this fall."
"In the last quarter alone, over 459 million mobile phones were shipped
globally. Watching this profound transformation in how the world
connects and transacts has kept us intently focused on our mobile
strategy," said GoldMoney CEO, Roy Sebag. "We're proud to unveil a
revolutionary new application for this connected mobile community, an
unrivaled user experience for savings and payments overlaying the
world's most widely accepted and best performing money: gold. We are
extremely proud of what's been built so far, and I would like to thank
lead mobile engineer Paul Mennega, Chief Design Officer, Mike Busby and
our entire engineering team for their tireless efforts these past 6
months."
"As the world's most trusted and sought after form of long term savings,
relevant across every country and every income segment, BitGold brings
gold to the mobile age with unprecedented utility," said Co-founder and
CSO, Josh Crumb. "We've built a technology to protect the wealth of our
users and remove financial system friction and tolls at every step.
We're proud to unveil a mobile savings and payments platform that is
unequivocally on the side of the user, focusing all innovation on the
security of acquiring and safeguarding a permanent asset, while
providing seamless access and utility."
YouTube (News - Alert) Channel: http://youtube.com/bitgoldinc
Press Assets: http://bit.ly/1Ub01dO
About BitGold
BitGold's mission is to make gold accessible and useful in digital
payments and secure savings. The BitGold platform provides innovative
solutions to the challenge of transacting with fully allocated and
securely vaulted gold. BitGold accounts are free and convenient to open
by virtually anyone, anywhere* in just minutes. BitGold provides users
with a secure vault account to purchase gold using a variety of
electronic payment methods. The platform will also provide transaction
capability including: instant cross-border gold payments, merchant
invoicing and processing for gold, prepaid card spending of gold at
traditional points of sale, conversions to a customer's external
digital-wallet or bank, and physical gold redemptions. All physical gold
acquired through the platform is owned by the customer, stored in vaults
administered by The Brink's Company, acting through Brink's Global Vault
Services International, Inc. ("Brink's"), which insures gold through
third party insurance providers.
BitGold is a Canadian corporation with offices in Toronto, Canada, and
Milan, Italy. BitGold has partnered with established professionals in
bullion dealing, vault security and web security, payment processing,
and is committed to best-practice systems for compliance with all
applicable laws and regulations regarding anti-money Laundering ("AML")
and Know Your Customer ("KYC").
*The BitGold Platform is unavailable to residents of sanctioned
countries. BitGold P2P payment features are not yet available in the U.S.
About GoldMoney Inc.
GoldMoney Inc. (TSX: XAU) is a global full-reserve and gold-focused
financial services business. Through GoldMoney®, the company offers
individuals and institutions with precious metals custody, investment
and wealth management services. Through BitGoldtm the company
operates a self-directed savings platform and payments network allowing
individuals and businesses to make or receive online, in-store or mobile
payment. GoldMoney Inc. has over 250,000 customers from over 200
countries and $1.5 Billion in client assets under custody. 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 Inc., 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: risk factors relating
to 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150902005475/en/
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