28 June 2017
Visit cib.db.com

Royal Canadian Mint joins Goldmoney blockchain platform

21 December 2016  |  13859 views  |  0 Gold bar Close up 2

The Royal Canadian Mint is to allow transfers of gold bullion value stored in its vaults over a blockchain network run by Goldmoney Inc.

Goldmoney users can now purchase any amount of 100% reserved physical gold in the Mint’s Ottawa vault using the private firm's proprietary, closed-loop blockchain technology, for a 0.50% fee and receive free storage for up to 1,000 grams.

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 a web-based Dashboard and mobile app for iOS and Android.

Goldmoney and the Mint have also entered into an agreement to explore future educational co-marketing activities focused on boosting awareness and accessibility of precious metals.

John Moore, vice-president, sales at the Royal Canadian Mint, says: “We look forward to working with Goldmoney on future marketing initiatives that demonstrate Canada’s leadership role in the global precious metal industry.”

Last month, the Royal Mint in the UK announced a partnership with CME Group to create a digital gold product that will be stored and recorded on a blockchain.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Royal Mint to issue digital gold

Royal Mint to issue digital gold

29 November 2016  |  9990 views  |  1 comments | 24 tweets | 24 linkedin
Royal Canadian Mint offloads MintChip digital currency assets

Royal Canadian Mint offloads MintChip digital currency assets

12 January 2016  |  3959 views  |  0 comments | 10 tweets | 8 linkedin
Royal Canadian Mint ditches MintChip digital currency project

Royal Canadian Mint ditches MintChip digital currency project

07 April 2014  |  10403 views  |  2 comments | 9 tweets | 10 linkedin
Royal Canadian Mint chooses SecureKey authentication tech for digital currency

Royal Canadian Mint chooses SecureKey authentication tech for digital currency

20 February 2014  |  4314 views  |  0 comments | 6 tweets | 8 linkedin
Royal Canadian Mint demos digital currency

Royal Canadian Mint demos digital currency

13 January 2014  |  7326 views  |  5 comments | 11 tweets | 19 linkedin

Related blogs

Create a blog about this story (membership required)
download the report nowvisit www.events.sap.comvisit www.response.ncr.com

Top topics

Most viewed Most shared
Live: EBAday 2017, day twoLive: EBAday 2017, day two
11339 views comments | 4 tweets | 5 linkedin
ECB preps eurozone-wide instant payments serviceECB preps eurozone-wide instant payments s...
8874 views comments | 19 tweets | 34 linkedin
ABN Amro tests wearable tech for contactless paymentsABN Amro tests wearable tech for contactle...
8312 views comments | 9 tweets | 6 linkedin
hands typing furiouslyArtificial Intelligence- Computer to IOT
8289 views 0 | 4 tweets | 2 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job