Glint are reintroducing gold as money into the global payments system. Their Glint app and Mastercard allows users to buy, store & spend physical gold alongside national currencies. Launched in February, they are now raising to expand globally through licenses & distribution partnerships.
Inflation is rising, cost of living increasing and return on cash savings decreasing - so what are our choices? Gold. Gold has maintained its purchasing power for millennia whilst the value of paper money continuously erodes. Gold offers protection of purchasing power in a way that cash doesn't. The challenge - we live in a digital world.
With the Glint smartphone app and Mastercard you can buy, store, and now spend, physical gold through the global payments system. Clients load funds into their account, exchange into gold for a 0.5% fee and can then spend in real time, wherever Mastercard is accepted. The physical gold is allocated and securely held in an independent Brink's vault in Switzerland.
We have built a proprietary technology platform providing real time gold payments and multi currency wallets with scalability in mind. In July we released our Android app and started the rollout of multiple additional currencies with EUR and USD giving clients even more control and choice.
Critical to growth is the development of global distribution partnerships. We have already signed two strategic deals in the US giving us an audience reach of over 40 million, brand extension assets and local expertise. The next step on our journey is to maximise those partnerships, develop new deals, launch across international markets and continue on our development roadmap.