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Coronavirus lockdowns and social-distancing fuel surge in use of fintech apps

Last week, British-based startup Glint Pay Services, which operates in the U.S., the U.K. and continental Europe, ...

14 April 2021

Martin Cozens

Last week, British-based startup Glint Pay Services, which operates in the U.S., the U.K. and continental Europe, said it had seen a 718% increase in clients purchasing gold over the last five weeks as volatility stemming from the coronavirus pandemic swept through markets.

Glint, which provides customers with gold as a usable currency, said it has seen the average individual purchase of gold via its app double in the last few weeks, from £1,373 to £2,739. “During these extraordinary days people are demonstrating that gold remains powerfully attractive and very useful,” said Glint founder and CEO Jason Cozens.

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