GoldMoney
 Company logo | |
| Public | |
| Traded as | TSX: XAU |
| Industry | Holding Company |
| Founders |
Roy Sebag Josh Crumb |
| Headquarters | Jersey,Toronto |
Area served | Worldwide |
Key people | Roy Sebag(CEO |
| Products |
Payment systems Savings Precious Metals |
| Revenue |
 $$66.2 million (2015) |
| Subsidiaries | BitGold[1] |
| Website |
www |
GoldMoney is a multinational holding company, which was founded by entrepreneurs Roy Sebag[2] and Josh Crumb.[3] Its core businesses are BitGold and GoldMoney, which offer full reserve precious metal focused financial services.[4] GoldMoney Inc date of incorporation is listed as 2015. The combined total of customer assets under the two entities is 1.5 billion.[5]
Corporate affairs
GoldMoney Inc has its headquarters located in Toronto Canada and in Jersey.[6]
Subsidiaries
GoldMoney
GoldMoney is a worldwide precious metal custodian and investment firm headquartered in Jersey. In 2015, BitGold purchased the company for 59 million. The company still operates under the name GoldMoney Inc alongside its subsidiary BitGold. GoldMoney operates as a precious metal custodian that allows its customers to buy, sell or hold physical allocated metal stored in high-security vaults located in five countries.[7] The company was founded by commodity forecaster James Turk in 2002. Turk has said that the company's goals are “establish a financial institution that would recognise gold's significance as a financial asset.”[8] Roy Sebag who is now the CEO of GoldMoney Inc created a technology called “Aurum” a ledger that collects and distributes real-time gold prices from bullion counterparties which makes it more accessible to buy directly on the gold spot.[9] In December 2015, the company has stated it has 1.5 billion in customer assets.[10][11][12]
BitGold
BitGold is a self-directing gold payments/savings network located in Canada.[13] Users of BitGold have the optionality to save, spend, send, receive and redeem physical gold bullion within the network.[14] The company has stated that it is a full-reserve and gold-based financial service.[15][16][17]
References
- ↑ "(Press Release) BitGold Announces Acquisition of GoldMoney". GoldMoney. Retrieved 3 July 2015.
- ↑ "Interview: BitGold co-founder Roy Sebag explains company's philosophy". Northern Miner. Retrieved 24 December 2015.
- ↑ "Who We Are". GoldMoney. Retrieved 20 December 2015.
- ↑ "GoldMoney Inc. Subsidiary BitGold Announces Aurum Gold-Settlement Technology Now Linked to Nine Major US Financial Institutions". Retrieved 20 December 2015.
- ↑ "GoldMoney Inc. Reports November Key Performance Indicators for the BitGold and GoldMoney Businesses". Retrieved 20 December 2015.
- ↑ "Company Profile". GoldMoney. Retrieved 20 December 2015.
- ↑ "GoldMoney". GoldMoney. Retrieved 19 December 2015.
- ↑ "James Turk: Global Money Bubble Getting Close To Bursting". Hard Asset Investor. Retrieved 17 December 2015.
- ↑ "Aurum and Gold Pricing". BitGold. Retrieved 19 December 2015.
- ↑ "BitGold Inc. Announces CAD 51.9 Million Acquisition of GoldMoney.com, Integrating over CAD 1.5 Billion in Assets and over 135,000 User Signups onto the BitGold Aurum Network". Yahoo. Retrieved 19 December 2015.
- ↑ "Israel’s Flourishing Fintech Has Many Fathers". Tech Crunch. Retrieved 24 December 2015.
- ↑ "Gold Rush 2.0: Is Gold the Missing Link in Bitcoin's Economy?". business.com. Retrieved 24 December 2015.
- ↑ "GoldMoney Inc. Announces the Launch of Recurring Savings and Payments Tools for the BitGold Platform". Business Wire. Retrieved 20 December 2015.
- ↑ "Spinning gold into dollars: how BitGold intends to become a new standard". The Guardian. Retrieved 20 December 2015.
- ↑ "GoldMoney Inc. Launches GoldMoney Insights™ and Multimedia Content Platform". Business Wire. Retrieved 20 December 2015.
- ↑ "Spinning gold into dollars: how BitGold intends to become a new standard". The Guardian. Retrieved 24 December 2015.
- ↑ "BitGold Connects Blockchain Platform To 9 Major US Banks". Brand New Coin. Retrieved 24 December 2015.