RNS2 Jul 2018 08:05
Lionsgold Chief Executive Officer, Cameron Parry, commented: "We are pleased to report that GOLDBLOC® is in the final stages of internal testing including testing with Mastercard debit cards. During development the scope of GOLDBLOC® has grown to become the foundation of a gold banking ecosystem which has required additional planning and integration with our technology partners Railsbank (of which LION owns 12.5%). This has seen more time needed to complete our platform for customers to be able to spend and receive physical gold in real time via a current account. We have decided to do a pilot release initially to the first 200 customers downloading the mobile banking app and opening a current account, and Lionsgold will make an announcement when the pilot goes live. On behalf of the Board, I would like to thank all Lionsgold shareholders for their patience as we finalise GOLDBLOC® which is a first of its kind, commodity currency - a tangible asset directly owned by the customer for use as an alternative mainstream currency within the global banking system.