Fintech company Glint Pay announced on Wednesday that it provided gold-based corporate facilities as investment manager Perspective Investments, opened a business account and became Fintech’s largest corporate client.
Perspective Investments said it will use its Glint Pay Business account to save capital, and will provide employees with the opportunity to receive part of their salary as money via Fintech’s new peer-to-peer “Glint It!”. service.
The company says it “shining!” facility allows customers to spend and receive money and currency that they can spend. It added that it created “custom-made products” for perspective investment to meet that demand and create “diverse corporate functions.”
Speaking about the news, Jason Cozens, founder and CEO of Glint Pay, said: We have been talking for a long time about democratizing gold as a consumer currency, and now we are on the path to doing the same for businesses of all sizes and sectors. ”
“Utilizing gold purchasing power and relative stability is clearly an appetite among businesses. Many view gold as the global economy and markets continue to fluctuate and the outlook remains uncertain, and money is more than traditional safe havens. It is now seen as a viable and attractive option for consumers and businesses.
He said that demand for financial services as a currency was clear from both consumers and businesses at the start of their “Glint It!” The platform, and the relatively undeveloped market, have “slight growth potential.” He adds:
Arno Kitts, founder and CEO of Perspective Investments, added: We hold much of our capital and reserves in physical gold through our new Grint account. We also offer staff around the world to be paid in cash if they like this. ”
Today’s news follows a previous, equally optimistic update from Glint Pay, and announces that it has secured an additional £2.5 million to support its growth plan.
