All that glitters: Glint opens gold-based debit account

All that glitters: Glint opens gold-based debit account

Glint, a London-based fintech startup that enables users to store, spend and save their wealth in gold, has moved into public beta.

By using the Glint iOS app and the Glint Mastercard, Glint clients are able to make everyday payments by debit card in multiple currencies specified by the user at the point of sale. Pricing is based on interbank exchange rates.

Glint is authorised and regulated by the UK’s FCA with clients’ money stored in segregated bank accounts. Physical gold holdings are legally allocated to each individual client and held in a London Bullion Market Association accredited Brink’s bank vault in Switzerland.

Glint co-founder and CEO Jason Cozens, says: “Everyone is familiar with gold as one of society’s oldest means of exchange, its universal acceptance, its reliability, its history as a store of wealth and as a means of underpinning the value of ‘paper’ currencies. Unlike ‘paper’ currencies gold can’t be wiped out, devalued or corrupted.”

From today, the Glint app can be downloaded on iOS in the App Store for download and registration. Once an account has been approved users can start buying gold and will receive their Glint card within 5 working days.

Glint has raised £6.1 million in capital to support the launch, with backers including NEC Capital Solutions, Tokyo Commodity Exchange, Bray Capital and a number of prominent angel investors.

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