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BitGold Launches Gold Settlement Platform

Tuesday, May 5, 2015 5:00:00 AM PDT | VentureDeal
   Toronto, Canada  --  Financial technology company BitGold has announced the commercial launch of its platform.

The system aims to provide a trusted third-party settlement service for independent-physical gold trades.

The application is directly linked to gold vault custodians and bullion banks with real-time settlement capabilities.

Users can acquire their gold and decide where they wish to have it stored.

BitGold says that it connects the gold "to international payment rails such as SWIFT, Visa, MasterCard, Interac, SEPA, UnionPay, Discover, American Express and others."

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