New Gold-Backed Debit Card Launched In Partnership With Lloyds Bank & MasterCard
By GCRU Gold News on Tuesday, November 21 2017, 07:44 - Permalink
The world’s oldest currency is being brought into the digital age with the launch of a debit card and app that will allow people to pay for goods in gold.
Fintech group Glint has teamed up with Lloyds Banking Group in the UK and MasterCard to create an app that enables people to load credit in various currencies, which can then be used to buy a portion of a physical gold bar. Customers use the app at the checkout to select whether to pay in a currency or gold, before transacting with their MasterCard.