interesting read (non GGP related)2 Oct 2020 13:37
coming to a town near you.
Tally doesn't have any exchange rates. so one can transfer £ or gold to ya mates. Great place to store one GGP profits when you top slice. Already backed by mastercard and up and running beta testing with shareholder like me.This is the future.ill post last RNS below.Tally money was original Lioinsgold. anyway bit of light reading for the weekend.Good luck to all here Red.
30 September 2020
TALLY LTD, the money and banking innovator and digital Non-Bank Financial Institution (“NBFI”) that
developed the full-reserve banking platform that provides individual bank accounts denominated in a
physical asset money, Tally®, is pleased to update shareholders about the Company’s activities and
objectives.
Tally® sits outside of the traditional global banking network, while seamlessly operating with its global
infrastructure. Tally is protected from inflation and bank risk and insulated from economic effects
associated with the fiat currency fractional-reserve banking system. Tally is a new category of money
(not government fiat currency and not a cryptocurrency) that customers save, spend and send
instantly using their bank account via the Tally smartphone app and Tally debit Mastercard®.
Cameron Parry, Chief Executive Officer, commented: “We believe people deserve to use a bank
account with money designed to hold its value, and that remains in their control. This is fundamental
to individual financial wellbeing and promotes savings and productivity in society.
“Following a period of platform redesign and tech development, in August we were able to focus on
new customers once again, as well as continuing to enhance the user experience for those customers
already enjoying the protections and other benefits of their Tally account. This has seen customer
numbers grow through 7,000 at the end of this quarter. There has also been consistent growth in the
number of people following Tally on social media.
“Q3 has been an exciting quarter for future development. We continued work on Tally savings “safes”
but potentially more impactful to the consumer market, we developed a new fixed-rate fixed-term
deposit and have formulated the mechanism to deliver a market-leading return to customers. We plan
to move both easy access and fixed-term “safes” into beta testing next quarter. We also began scoping
Tally’s Application Programming Interface (API) to enable B2B customers to ultimately gain access to
the Tally currency through our API.
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