Glint – The global gold-based payments platform, with offices in the USA, UK and Japan, this week received an equity investment from one of the world’s largest producers of precious metals. This partnership seeks to connect sustainable sources of gold to easy, everyday money.
• Gold-based FinTech receives substantial investment from leading precious metals producer to support accelerated growth.
• JSE and NYSE listed Sibanye-Stillwater is a significant global producer of precious metals with a focus on sustainability.
• This partnership of a disruptive FinTech and a leading precious metals producer, leads the way in gold-based alternative currencies.
Glint’s unique fusion of cutting-edge technology and real, allocated gold, instantly enables its client’s full access to the most reliable form of money. Glint makes gold easier: simpler to access, simpler to share and for the first time ever, a viable option to spend.
Sibanye-Stillwater is a multinational mining and metals processing Group with a diverse portfolio of mining and processing operations, projects and investments across five continents. The Group is also one of the foremost global PGM auto catalytic recyclers and has interests in leading mine tailings retreatment operations.
Jason Cozens, Founder & CEO of Glint, www.glintpay.com , says: “I’m delighted to be able announce this significant investment from Sibanye-Stillwater that will enable Glint to considerably accelerate our planned growth and strategic development”.
“What we’re building here at Glint is special. We are experiencing rapid but sustained growth to deliver our vision of a global, gold-based alternative to banking, payments and money, and we have both the capability and opportunity to build a significantly scalable financial eco-system, connected to, but outside of the existing banking and cryptocurrency systems”.
Neal Froneman, CEO of Sibanye-Stillwater commented “This partnership with Glint provides Sibanye-Stillwater with the ability to support new end markets for gold on an innovative, digital and highly regulated platform, backed by physical gold under the supervision of a world-class regulator in Switzerland”.
At a time of extraordinary monetary policy and when trust in currencies, banks and existing payment systems has been eroded, Glint helps us move to a more stable global economy. Glint is bringing reliability, independence, choice, and control to clients, by reintroducing the most universally trusted form of money, Gold.
Glint Pay Ltd. (glintpay.com) is a fintech company, based in London, Boulder (US) and Tokyo, that uses gold as an alternative global currency to enable its clients instantly to buy, sell, save, spend, and send their physical gold and other currencies, through the Glint Mastercard® and Glint App.
Glint offers no credit facilities, it allows users to transfer, receive and save real gold, which is secured in Brink’s vaults in Switzerland.
Glint is able to issue cards to clients around the world and can open accounts in over 200 countries. With more than 90,000 registered users, Glint has completed over $300million worth of transactions to date.
Glint is authorised and regulated by the UK’s Financial Conduct Authority which has given permission for Glint to issue electronic money (e-money) and provide payment services (FRN 900657).
Gold is not regulated by the FCA. However, Glint’s clients know their gold is secured in a Brinks Vault in Switzerland, insured by Brinks with Lloyds of London and their policy covers the replacement value of Glint client’s Gold as held in their vault.
The Glint card is issued in the UK by Glint Pay Services Ltd pursuant to licence by Mastercard International Inc.
Glint is a U.S.-based authorized Card Program Manager. Funds are held at Sutton Bank, Member of the Federal Deposit Insurance Corporation (FDIC), in an FDIC-insured account.
Glint Pay Inc. employs effective Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and fraud prevention systems and controls to mitigate and combat risks.
Whilst we strongly believe that gold is the fairest and most reliable currency on the planet, we obviously need to point out that it isn’t 100% risk free. Whilst we have seen a steady increase over time, the value of gold can fall, which means the purchasing power of the customer can also fall.