Months in the making, earlier today Goldmoney Inc announced the launch of its new globally "unified platform."
The new Goldmoney Network is the largest gold savings and payments network worldwide, with more than 1.14 million account signups and $1.95 billion in customer assets, according to a release issued by the company.
The move also included the immediate migration of BitGold's user base over to the Goldmoney Network's "Personal" platform. The Goldmoney service is segmented into three service categories: Personal, Business, and Wealth.
BitGold users were greeted by news of the migration on the service's homepage this morning:
The Goldmoney platform allows users to buy their gold holding with a bank account transfer, credit card, or major cryptocurrencies including Bitcoin, Ethereum, and Litecoin.
Gold prices are enjoying a bull market this year in the wake of increased financial and geopolitical uncertainty. In US Dollars, the price of gold is up 24.5% over the past year, and up a whopping 45.8% in GBP.
Goldmoney's ongoing support of cryptocurrency as a payment option is exciting to see. I've personally bought gold from them using Bitcoin and Ether, and it solidified my view that these digital currencies are far from a passing fad - they're a vital part of the emerging post-fiat economy.
On a side note, I've noticed some strong pushback to my coverage of the ongoing debate between Ethereum, Ethereum Classic, and Bitcoin. Thanks, as well, for the notes to my editors. If there's one thing all of this animosity tells us, it is that these currencies matter, and this industry matters - or people wouldn't care so much! The Huffington Post and AOL have an ongoing commitment to covering the fintech revolution with in-depth reporting and commentary. We want to shine a bright light on this whole thing: the good, the bad, and the truly revolutionary.
Coverage of cryptocurrency topics won't be deterred or delayed to fit the preferences of a vocal few, but again, we do appreciate the feedback. There is also a fine line between constructive response to a major outlet covering a story, and intimidation.
Disclosures: At time of publication, I hold some bitcoin, ether, and gold. Not meant as financial advice. No warranties or guarantees provided or implied. In the past, I've done some freelance affiliate marketing and consulting for BitGold, Goldmoney's subsidiary mentioned above.