BitGold Inc. (TSX-V:XAU) (“BitGold”), a platform for savings and payments in gold, announces the formation of a Technical Advisory Board. The BitGold Technical Advisory Board will oversee growth initiatives in the areas of cross border payments, peer to peer micropayments, eSports, remittance markets, and under-banked and financial inclusion. Over the coming weeks and months BitGold will announce further additions to the Technical Advisory Board as it launches new product segment initiatives.
BitGold is pleased to appoint Dario Meli and Rahul Sood as Technical Advisors. Dario is the founder and CEO of Quietly, a rapidly growing content strategy and analytics platform based in Vancouver, British Columbia. Dario previously co-founded Hootsuite, the world’s leading social media dashboard and one of Canada’s fasting growing internet companies. Dario is an experienced executive in content marketing and social media enterprise applications, areas where BitGold looks to build P2P and B2B cross-border micropayment applications.
Rahul Sood is the Founder and CEO of Unikrn, a gaming, eSports and entertainment company based in Seattle, Washington. Rahul previously founded VoodooPC, which was later acquired by Hewlett Packard where he was appointed Chief Technology Officer of HP’s Global Gaming Unit. In 2011 Rahul joined Microsoft, where he created and led Microsoft Ventures, a global incubator for startups. Rahul is an established business leader in the world of eSports, one of the fastest growing consumer sports markets.
“BitGold believes that cross-border micropayments in gold, fungible and relevant anywhere on the planet, are ideally suited for in-app transactions where traditional e-money service are too costly or inaccessible due to foreign exchange,” said Roy Sebag, BitGold CEO. “Dario and Rahul are well placed to advise on the technology, relationships, and business applications of P2P micropayments in social and eSports respectively. Dario and Rahul are Canadian entrepreneurs that have built globally successful internet businesses from the ground up. We are thrilled to have them involved in BitGold.”
About BitGold
BitGold’s mission is to make gold accessible and useful in digital payments and secure savings. The BitGold platform provides innovative solutions to the challenge of transacting with fully allocated and securely vaulted gold. BitGold accounts are free and convenient to open by anyone, anywhere* in just minutes. BitGold provides users with a secure vault account to purchase gold using a variety of electronic payment methods. The platform will also provide transaction capability including: instant cross-border gold payments, merchant invoicing and processing for gold, debit card spending of gold at traditional points of sale, conversions to a customer's external digital-wallet or bank, and physical gold redemptions. All physical gold acquired through the platform is owned by the customer, stored in vaults administered by The Brink’s Company, acting through Brink’s Global Vault Services International, Inc. (“Brink’s”), which insures gold through third party insurance providers.
BitGold is a Canadian corporation with offices in Toronto, Canada, and Milan, Italy. BitGold has partnered with established professionals in bullion dealing, vault security and web security, payment processing, and is committed to best-practice systems for compliance with all applicable laws and regulations regarding anti-money Laundering (“AML”) and Know Your Customer (“KYC”).
*The BitGold Platform will not initially be available to U.S. Residents and will be unavailable to residents of sanctioned countries
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy of this release.
Forward-Looking Statements
This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects,” or “does not expect,” “is expected,” “anticipates” or “does not anticipate,” “plans,” “budget,” “scheduled,” “forecasts,” “estimates,” “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the Company’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; unproven markets for the Company’s product offering; volatility of gold prices & public interest in gold investment; lack of regulation and customer protection; the need for the Company to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; foreign currency and gold trading risks; use and storage of personal information and compliance with privacy laws; use of the Company’s services for improper or illegal purposes; global economic and financial market conditions; uninsurable risks; and those risks set out in the Company’s public documents filed on www.sedar.com.Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.
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