Source: Media Outreach
Headline: Australian’s Gold-As-A-Service Mobile App SendGold Launches in Singapore
SINGAPORE – Media OutReach– 19 February 2018 – SendGold, aGold-as-a-Service app that enables physical gold investment and payments in a digitalenvironment, today announced the March 2018 launch of its app in Singapore.With the growing demand for gold across Asia, SendGold changes the wayconsumers can transact gold by allowing the user not only to buy and sell gold butalso to send it as a payment or gift to friends or family members through theirmobile devices. Targeting the 2 billion millennials who are in control of 16percent of Asia Pacific’s wealth, SendGold aligns the investment interest andusage preferences of these users who have a significant cultural affinity forgold and are technology-savvy.
“Gold is the world’s oldest form of currency, and SendGold hasbrought it right into the digital age. Our business is to grow the wealth ofour customers by making physical gold investment hyper liquid, simple, socialand accessible to all,” said Jodi Stanton, SendGold Co-Founder and CEO.
The SendGold platform consists of the SendGold consumer app, butalso includes a suite of open APIs that lets distribution partners integrate aninstant gold investment and currency option on a turnkey basis with zeroregulatory overhead.“We’ve got three distribution partners signed up already,” continued Ms.Stanton, “including a global rewards platform, a major mobile games platformcompany, and the EZ Coud Company based in mainland China”.
How it works
SendGold works by letting consumers buy, sell, send or pay foranything with gold via any device with an internet connection. Registering aSendGold account takes just 2 minutes. The user can then enter Buy, Sell, andSend orders that are generally processed within 10 seconds.
Innovative features of the SendGold Appinclude:
Friendly Userinterface: Easily track the performance of yourgold over time with simple tools and easy-to-understand graphic displays.Gifting is simple: To send gold, all the user require is a mobilenumber or email address and they can send payments in gold. Global Applications: Supports instant retail P2P payments andinvestment, gold currency inside mobile games, instant loyalty rewards of gold,and gold inside existing web and social properties. Security: All gold is fully-insured against damage ortheft, physically audited, tracked and securely held in a purpose-built vault.End-users own 100 percent title to physical gold bullion, held in Australianvaults and insured by Lloyd’s of London. Integratedinto banking networks: SendGold is fully-compliant, integratedinto the global banking network, and has been approved for 350 inbound paymenttypes and redemption across 140 currencies.
The SendGold team is composed of financial and web industryveterans from Microsoft, McKinsey, J.P. Morgan, and Price Waterhouse Coopers.The team began in blockchain in 2013 and put the first version in production onblockchain in 2015. “We didn’t launch the blockchain version because of ourongoing concerns about blockchain speed, security, and banking and regulatorycompliance,” Stanton added, “but as regulations become clearer and Blockchain3.0 architectures show they’re fast and secure enough, we’ll add a blockchainversion to our suite of products”.
To learn more, please visit http://www.sendgold.com.
Published and distributed with permission of Media-Outreach.com.