13 December 2017
visit www.avoka.com

Royal Canadian Mint joins Goldmoney blockchain platform

21 December 2016  |  14838 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  |  10820 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  |  4197 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  |  10804 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  |  4526 views  |  0 comments | 6 tweets | 8 linkedin
Royal Canadian Mint demos digital currency

Royal Canadian Mint demos digital currency

13 January 2014  |  7599 views  |  5 comments | 11 tweets | 19 linkedin

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.atos.netvisit www.response.ncr.com

Who is commenting on blockchain?

Top blockchain topics

Most viewed Most shared
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
9309 views comments | 16 tweets | 22 linkedin
Australian Government amends AML rules to cover digital currenciesAustralian Government amends AML rules to...
6809 views comments | 15 tweets | 22 linkedin
France rewrites rules for trading on distributed ledgersFrance rewrites rules for trading on distr...
4367 views comments | 8 tweets | 30 linkedin
hands typing furiouslyBlockchain in Action : Round-up of blockch...
4279 views 0 | 3 tweets | 1 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job