Glint is making money fairer, providing, for the first time, the ability to store, exchange, send and spend gold through the global electronic payment system
Glint, a fintech startup, has today launched the first global currency, account and app based technology, which reintroduces gold as money.
Glint’s platform makes gold instantly accessible as a global currency with unprecedented liquidity and will be available to anyone to store, send peer to peer, and spend anywhere in the world.
Key features
- Glint’s iOS app is linked to the Mastercard global payment system and will allow its users to make day to day payments by debit card with multicurrency capabilities including for the first time gold. Pricing is based on interbank exchange rates and no hidden charges.
- Glint is authorised and regulated by the UK’s FCA with clients’ money stored in segregated bank accounts. Physical gold holdings are legally allocated to each individual client and held in a London Bullion Market Association Accredited Brink’s bank vault in Switzerland.
- The Glint app is available on iOS (hyperlink) in the App Store for download and registration today. Once your account has been approved you can use to start buying gold and your Glint card will be with you within 5 working days.
- For further information: www.glintpay.com
Following its UK launch, Glint will roll out in targeted European territories through 2018 and into Asia.
Glint was founded by Jason Cozens and Ben Davies and is backed by investors in the UK, Europe, Canada. Key investors include, NEC Capital Solutions through its venture fund co-operated with Venture Labo Investment, and the Tokyo Commodity Exchange (“TOCOM”). NEC Capital Solutions is the affiliated company of NEC Corporation, a leader in the integration of IT and network technologies. TOCOM is Japan’s largest and one of Asia’s most prominent commodity exchanges.
Jason Cozens, CEO, Glint, said: “Glint’s ability to use gold as money as part of the global payments system is a landmark event. Everyone is familiar with gold as one of society’s oldest means of exchange, its universal acceptance, its reliability, its history as a store of wealth and as a means of underpinning the value of “paper” currencies. , Unlike “paper” currencies gold can’t be wiped out, devalued or corrupted.”
Glint is an electronic payment system that enables gold to be used as a global currency. It utilises the Mastercard global payment system with a single smartphone app and offers multicurrency capabilities. Glint is regulated by the FCA as an e-money institution.
Other key investors include:
- Bray Capital, early stage venture investor specialising in start-ups or growing businesses;
- Haruko Fukuda, former CEO of the World Gold Council and NED of Investec Bank;
- Oliver Bolitho, formerly Chairman of Goldman Sachs Asset Management Asia;
- Hugh Sloane, co-founder of asset manager Sloane Robinson;
- Lord Flight Of Worcester, formerly of Guinness Flight Global Asset Management.
Founders:
Jason Cozens, Founder and CEO of Glint: “Jason is a 20 year veteran of the E Commerce technology sector. He founded Visuality when email marketing and virtual reality was pioneered which he sold to ERP software company McGuffie Brunton, and Bite, a digital marketing agency. He also founded GoldMadeSimple.com that helps clients buy and store physical gold securely.”
Ben Davies, Co-founder of Glint: “Ben has over 20 years’ experience within international financial and commodity markets. The former head of trading at RBS Greenwich, Ben co-founded Hinde Capital in 2007, an alternative investment management company specialising in precious metals. Ben is considered an expert in the precious metals sector, and his views on global economic markets are widely cited by the financial media.”
