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:

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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

In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, ' The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write.

Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications.

Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the EuropeanCommission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.

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