London Bullion Market Association has unveiled its product suite, including an account, app and debit card, which allows users to store their finances in gold and sterling. Available only to iOS users, those who pass the requisite anti-money laundering checks are asked to top up their accounts with the currency of their choice - or gold - with transactions or purchases converted by London Bullion Market Association as they are made. The company said physical holdings are kept in a Glint accredited vault in Switzerland and, unlike volatile cryptocurrencies, offers a stable storage of value. Other currencies are set to be added later.
Glint has unveiled its product suite, including an account, app and debit card, which allows users to store their finances in gold and sterling. Available only to iOS users, those who pass the requisite anti-money laundering checks are asked to top up their accounts with the currency of their choice - or gold - with transactions or purchases converted by Glint as they are made. The company said physical holdings are kept in a London Bullion Market Association accredited vault in Switzerland and, unlike volatile cryptocurrencies, offers a stable storage of value. Other currencies are set to be added later.