Goldmoney Inc. Adds the Royal Canadian Mint to Vault NetworkDec 21, 2016
Goldmoney Fintech Puts Royal Canadian Mint-Vaulted
Gold Bullion on a Private Blockchain
TORONTO – (December 21, 2016) – Goldmoney Inc. (TSX:XAU) and the Royal Canadian Mint (“the Mint”) today unveiled a collaboration focused on the addition of the Mint’s secure precious metal storage facility in Ottawa to the Goldmoney Network and an agreement to explore future co-marketing activities.
As of today, Goldmoney Personal and Business users can now instantly purchase any amount of 100% reserved physical gold in the Mint’s Ottawa vault using Goldmoney’s proprietary, closed-loop blockchain technology, for a 0.50% fee and receive free storage for up to 1,000 grams through Goldmoney.
The first of several developments to come from the collaboration, the addition of the Mint’s Ottawa vault to the Goldmoney Network provides users with a second Canadian storage option, after Toronto.
Network users can also send gold title to anyone for free via text message or email, redeem their gold balance to a Goldmoney Mastercard Prepaid card or bank account in local currency, or make vault-to-vault gold transfers between the Mint and seven Brink’s vault locations located around the world via Goldmoney’s web-based Dashboard and mobile app for iOS and Android.
“As a leading fintech company globally, we’re thrilled to collaborate with one of the world’s premier minting facilities,” said Darrell MacMullin, CEO, Goldmoney Network. “We’re proud to add the Royal Canadian Mint to the Goldmoney Network, thereby converting Mint-vaulted gold bullion into an innovative modern-day money stock while expanding our storage and physical delivery offerings.”
“Through collaborations of this kind, we’re creating innovative ways to match supply and demand of precious metals while further expanding the utility and capabilities of the Goldmoney Network,” said Josh Crumb, a founder and chief strategy officer of Goldmoney Inc. “We look forward to working together with the Mint to explore educational co-marketing activities that aim to boost awareness and accessibility of precious metals.”
“We’re excited to join the Goldmoney Network and offer Goldmoney and its Network users highly-secure storage services at our vaults in Ottawa,” said John Moore, vice-president, sales at the Royal Canadian Mint. “We also look forward to working with Goldmoney on future marketing initiatives that demonstrate Canada’s leadership role in the global precious metal industry.”
About Goldmoney Inc.
Goldmoney Inc. (TSX:XAU) is a mission-driven financial technology company that operates the world’s largest 100%-reserved gold-based savings and payments network. Goldmoney® provides financial services as a trusted third-party, combining the unique attributes of gold with technology-driven innovation. Through the Goldmoney Network, comprised of Goldmoney Personal and Goldmoney Business, anyone with internet access can buy, sell, transfer, earn, or redeem physical allocated gold. Goldmoney Wealth offers bespoke precious metals custody and wealth services, trading and execution, card services, tax-free retirement accounts and independent research to high net worth individual investors and institutions. Goldmoney Inc. has more than 1.34 million user signups from more than 150 countries and $1.7 billion in client assets under administration (as at December 19, 2016). Goldmoney Network is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Goldmoney Wealth is regulated as a Money Services Business by the Jersey Financial Services Commission. For more information about Goldmoney, visit goldmoney.com.
About the Royal Canadian Mint
The Royal Canadian Mint is the Crown Corporation responsible for the minting and distribution of Canada’s circulation coins. An ISO 9001-2008 certified company, the Mint is recognized as one of the largest and most versatile mints in the world, offering a wide range of specialized, high quality coinage products and related services on an international scale. For more information on the Mint, its products and services, visit www.mint.ca.
For more information, please contact:
Director of Global Communications
Chief Strategy Officer
Royal Canadian Mint
Senior Manager, Communications
Royal Canadian Mint
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