GoldMoney Inc. Reports January 2016 Key Performance Indicators for the BitGold and GoldMoney Businesses
OREANDA-NEWS. GoldMoney Inc. (TSX-V: XAU), a full-reserve and gold-based financial service and technology group, is pleased to announce Key Performance Indicators (KPI’s) for its two operating platforms for the period ending January 31, 2016.
BitGold Key Performance Indicators:
User Sign Ups
Period |
Total User Signups – End of Period |
Net Increase/Decrease |
January 2016 |
671,823 |
+91,009 |
December 2015 |
580,814 |
+63,728 |
Transaction Volume (Gold Grams) 1
Period |
Transaction Volume – End of Period (grams) |
Net Increase/Decrease (grams) |
Value in CAD for Reference |
January 2016 |
825,518 |
+155,868 |
C$ 41,705,169 |
December 2015 |
669,650 |
+106,219 |
C$ 31,861,947 |
Customer Gold in Vaults (Gold Grams) 2
Period |
Gold in Vaults – End of Period (grams) |
Net Increase/Decrease |
Value in CAD for Reference |
January 2016 |
500,527 |
+62,822 |
C$ 25,286,624 |
December 2015 |
437,705 |
+57,341 |
C$ 20,826,004 |
1. Defined as deposits, redemptions and payments on the network.
2. Defined as total segregated and allocated customer gold under safekeeping.
"BitGold has kicked off 2016 with great momentum," said Darrell MacMullin, CEO of BitGold Corp. "January’s strong growth in our users, that are deepening their relationship with us reflect BitGold's progress in delivering on our goal to expand the accessibility and utility of Gold. We saw nearly 50% month over month increase in the core metrics on a comparable marketing spend to December.”
“The most promising indicator highlighting network growth was non-deposit transactions that grew at record numbers, more than 90% month over month. This reflects the growing trust of our users in the platform and their increased adoption of p2p payments, request payment tools and the prepaid card program”.
“In the face of global currency volatility and slowing economies around the world, we see tremendous opportunity ahead to further expand BitGold’s reach and utility with new upcoming tools to innovate how Global Savings and Payments can work.” said MacMullin.
About GoldMoney
GoldMoney Inc. is a global, full-reserve and gold-based financial services group. GoldMoney provides financial services as a trusted, limited third-party, combining the unique attributes of gold with technology-driven innovation. Through GoldMoney® the company offers precious metals custody and wealth services, trading and execution, and independent research to individual investors and institutions. Through BitGold™ the company operates a self-directed savings platform and a payments network allowing individuals and businesses to make or receive online, in-store or mobile payments. GoldMoney Inc. has over 700,000 clients from over 200 countries and $1.6 billion in client assets under administration. GoldMoney is regulated by the Jersey Financial Services Commission (JFSC) as a Money Services Business. The JFSC is the main supervisory body that oversees and regulates Jersey's large financial services industry.
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