Goldmoney Inc. (TSX:XAU) and the Royal Canadian Mint just unveiled a collaboration focused on the addition of a secure precious metal storage facility in Ottawa to the network. Individuals and firms can now buy reserved physical gold in the Mint’s Ottawa vault using Goldmoney’s proprietary, closed-loop blockchain technology.
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Clients can also send gold titles via text message or email, redeem their gold balances to a Mastercard prepaid card or bank account in local currency, or make vault-to-vault gold transfers between the Mint and seven of Brink’s vault locations located around the world via Goldmoney’s apps.
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“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.”