InfiniGold™ technology powers The Perth Mint’s new GoldPass™ App
Launched at the Precious Metals Investment Symposium 2018 at the The Perth Mint, the new GoldPass™ smartphone app – powered by InfiniGold™ technology – enables investors to securely buy, store and sell gold via digital certificates.
The GoldPass app also allows the instantaneous transfer of gold to other approved GoldPass app users.
“InfiniGold’s technology is innovative and has also been specifically tailored to digitise Perth Mint gold to satisfy the demands of investors,” said InfiniGold Chief Executive Officer Andreas Ruf.
"We're delighted The Perth Mint chose InfiniGold technology to power GoldPass and equally excited to be able to give investors a simple, seamless and secure way to add gold to their asset portfolios,” he added.
“We're delighted The Perth Mint chose InfiniGold technology to power GoldPass.”
– CEO, Andreas Ruf
Perth Mint Chief Executive Officer Richard Hayes said that with the uncertainty and speculative nature of cryptocurrencies “investors are always keen to discover innovative and credible vehicles through which to safely protect the worth of their portfolios”.
Expanding the market for gold investment
“With many commentators suggesting that digital gold products are expanding the market for gold investment, there is a distinct rise in the demand for trusted modern and contemporary means of exchange,” Mr Hayes said.
“Gold is a tangible and trusted store of wealth with a long, strong history. We are making this traditional asset more accessible, trades immediate and revolutionising how customers transact in real time with other GoldPass app users. This is a significant leap forward in gold exchanges globally.”
All GoldPass digital certificates are backed by physical Perth Mint gold stored in its network of central bank grade vaults, with the weight and purity of every ounce guaranteed by the Government of Western Australia.
The Perth Mint processes and distributes A$18 billion in precious metals to more than 100 countries around the world each year, and is the only Mint that is backed by a AA-rated Government Guarantee.
InfiniGold launched PMGT as the first digital gold token on a public blockchain backed by government guaranteed gold.
PMGT allows you to conveniently trade and hold gold stored at The Perth Mint on the blockchain. Digitally manage your entitlements over the physical gold, convert and pick up gold bullion of your choice or get it delivered globally.
For more information visit pmgt.io
InfiniGold uses proprietary technology to issue digital certificates giving investors guaranteed ownership of specific stores of physical gold stored in The Perth Mint.
InfiniGold certificates are portable, valuable and fungible. Gold is bought and sold in real time, based upon the spot price of gold at The Perth Mint.
Issued InfiniGold certificates are stored within a digital vault on the owner's mobile device. They are accessible only by the owner, and always verifiable against the Mint ledger.