Royal Canadian Mint Goes Blockchain – via Goldmoney and Cryptocurrency

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Canadian Blockchain startup  Goldmoney (formerly BitGold),  which  powers a cryptocurrency based on gold, has added gold from the Royal Canadian Mint to its bullion reserves.

From Goldmoney:

We’ve collaborated with the Royal Canadian Mint to provide you with a second Canadian vault option: The Mint’s secure precious metal storage facility in Ottawa! As of today, you can instantly purchase any amount of 100% reserved gold bullion in the Mint’s Ottawa vault, transfer Mint-vaulted gold value to anyone for free*, make vault-to-vault transfers between the Mint and seven Brink’s vault locations located around the world, redeem your gold balance to your Goldmoney Mastercard Prepaid card or bank account, or take physical delivery.

Ottawa Vault Features

  • Instantly purchase and hold 100% Mint-vaulted gold bullion.
  • Standard deposit and redemption fees of .50%.
  • Free storage for up to 1,000 grams.
  • Transfer gold value to anyone for free via text message or email.
  • Redeem gold balance to bank account in local currency or load a Goldmoney Mastercard Prepaid card.
  • Redeem coins, GoldCubes, or bars via Goldmoney Physical.
  • Make vault-to-vault transfers to and from seven Brink’s vaults (Toronto, New York, London, Zurich, Dubai, Singapore, and Hong Kong).

About Richard Kastelein

Founder, Publisher and Editor in Chief of industry leading online publication, Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC. Kastelein is also an advisor with a number Blockchain startups doing ICOs including Humaniq.co where hs is interim CMO, DECENT.ch, Inchain, Chronobank, eGaas and others. He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List.

As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven, Bucharest, Nairobi, Tel Aviv, Manchester, Brussels, Barcelona etc, where he helped spread the cause for Blockchain technology and cryptocurrency and, consequently, has built a notable network in the scene.

He’s also a director of a Dutch foundation called The Hackitarians and has run innovation events in London, San Francisco, Berlin, Amsterdam and other cities around the world on topics such Blockchain, Health, Energy, Internet of Things, AI etc.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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