GoldMoney preps gold-to-gold transfer services for US BitGold customers

Source: GoldMoney

GoldMoney Inc. (XAU.V), a full-reserve and gold-based financial service and technology group, is pleased to announce a phased launch of gold-to-gold transfer services for U.S. BitGold customers starting in April 2016.

Since launching in the U.S. in July of 2015, U.S. based BitGold users have been restricted from send gold, request gold and related transfer tools on the BitGold platform. These tools allow users to transfer title to gold held in Brink’s vaults to other users. The Company will begin offering these gold transfer services to U.S. users on a state by state basis starting in April. The specific timetable for the state-by-state launch will be announced to users shortly. Further, upon the upcoming launch of BitGold for Business, businesses in these states will also be able to engage in B2B and B2C gold transfer services.

“We are very excited to launch gold payment and transfer services for U.S. based customers,” said Darrell MacMullin, CEO of BitGold. “BitGold is a global platform for payments and savings in gold, a technology that allows instant transfer of title to stable and secure vaulted-gold bullion between known-clients anywhere in the world. We believe these services have large-scale potential to lower costs and reduce friction and settlement risk in the growing segments of cross border e-commerce and remittance in particular. Our U.S. based users represent over 10% of the network and we look forward to enabling these additional services on a state by state basis over the remainder of 2016.” 

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