Nine decades after Britain abandoned the gold standard, a brand new fintech start-up is aiming to bring gold back into circulation — albeit using a flexible friend.
London-based start-up Glint this week launched a new payment system using the metal in a bid to ‘re-introduce gold as money’. In partnership with Lloyds Banking Group in the UK and MasterCard, the Glint app allows people to load credit in a number of currencies, which can then be used to buy a portion of a physical gold bar.
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