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Inventing the world’s future currency

The four patents

• The first patent application was filed in February 1993, and US Patent No. 5,671,364 (PDF) was awarded in September 1997. This patent provides for a system and method that enables gold or other commodities (tangible assets) to circulate through an electronic medium as currency in a book entry accounting system.
• The second patent, US Patent No. 5,983,207 (PDF), was awarded in November 1999. This patent provides for a system and method that enables gold or other commodities to circulate electronically as digital cash, whilst ensuring privacy and facilitating micro-payments.
• The third patent, US Patent No. 6,415,271 (PDF), was awarded in July 2002. This patent provides for a system and method that enables gold or other commodities to circulate electronically as digital cash over wireless networks and by means of electronic devices such as smart cards.
• The fourth patent, US Patent No. 7,143,062 (PDF), was awarded in November 2006. This patent provides for a system and method that enables gold to circulate as digital cash through a global computer network such as the Internet and/or private communication networks, much like cash currently circulates in the physical world.

GoldMoney's metal payment service was suspended from 21 January 2012, owing to lack of customer demand and increasing regulation requirements by various regulatory bodies around the world. However, Jersey resident customers will still be able to use this facility. We are currently unable to predict whether metal payments will be made more widely available again in the future.