Europe Fintech

Send Gold to Your Mates With Glint’s New P2P In-App Feature

As of this week, new and existing Glint customers (using Android and iOS devices) will be able to use the new Glint It! feature, which allows you at the tap of a screen, to instantly send or receive money, including real, spendable gold and other currencies between Glint account holders.

Other features also include sending the gift of gold for a birthday; transferring gold to the growing numbers who prefer to be paid in an alternative form of money, supporting your offspring at university, or even adding money to their Glint card while they backpack around Europe.

You can also personalise your transfer with private messages whenever you use Glint.

The company is building on its success as the first business in the world to enable users to pay with gold as real, everyday money using the Glint Mastercard in real-time at the checkout. Glint it! technology is the first step in building a trusted global alternative payments’ network, that enables people to send and receive gold instantly as currency.

Glint’s P2P functionality operates outside of the existing financial system and is therefore as insulated as currently possible from the associated risks inherent in highly leveraged banks, currency debasement and government debt.

Even when making cross border payments, funds are automatically and instantly debited from the sender’s Glint account and credited to the recipient’s; in real-time, one tap and it’s there.

Unlike many other Fintechs, Glint did not utilise any third-party systems for this. It’s built on a platform that has been created in-house by Glint’s engineers, with everything working seamlessly with the freedom to integrate existing and future digital products.

The Glint engineering team is built from a diverse collection of the best designers and developers from around the world; it’s a truly international business that believes in small, brilliant teams, delivering the very highest specification to bring you instant delivery of gold and other currencies across the Glint network.

Jason Cozens, Founder and CEO of Glint, says: “The global stimulus by central banks and governments has now reached a staggering $20 trillion. Levels of government debt and monetary stimulus have reached unprecedented levels. People everywhere are worried about how this will debase their national currencies, how it will affect their hard-earned money. But what happens when the music stops?

“Money should be something you can save without putting it at risk. Glint’s P2P technology enables gold, trusted globally, to be used as money in electronic payments beyond the existing fiat money system; it frees us all from the whims of government-issued currencies. We all deserve a reliable form of money, and that’s what Glint provides.

“Government-issued (fiat) currencies are inefficient stores of value. In my lifetime the US Dollar and British Pound have both lost around 85% of their purchasing power. In contrast, the purchasing power of gold has increased by more than 500% in the same period. The only thing backing fiat money is the promises by governments. As we have seen during Covid-19 there is no limit to how much paper money a government can put into circulation and run-up in debts. With Glint, you can help protect yourself and your family from future losses in the value of paper money.”

Author

  • Gina is a FinTech journalist (BA, MA) who works across broadcast and print. She has written for most national newspapers and started her career in BBC local radio.

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