“The Glint debit card launches today,” says Glint CEO Jason Cozens. “I hope everyone downloads the app. What we believe is gold is the ultimate form of money. Central banks hold it. It has been being used as money for thousands of years. It just couldn’t be used in electronic payment until now. We’ve just solved the biggest problem with gold. You can now use gold as money. We’ve created your own personal gold standard.”
Jason Cozens, CEO of Glint Pay Inc., discusses the US launch today of their gold-backed Glint debit card in an interview on CNBC:
Glint Democratizing Gold With New Gold-Backed Debit Card
To load the gold-backed debit card you just download the app from the store, you register and we go through your registration, we approve the account, and then you load it with an ACH bank transfer or debit card payment. Then you can buy gold for as little as one cents worth or millions of dollars worth. We’re democratizing gold. We are kind of making monies new standard. The gold is in the vault in Switzerland. At the point of transaction, when you swipe it, whether I’m in Mumbai, Tokyo, New York, or California, we just debit a little bit of gold to create the invoice.
We sell just enough gold to cover the transaction. We sell it for dollars and those dollars go through to the merchant by MasterCard who is our partner. The dollar as have many currencies around the world is depreciated. It has depreciated 80 percent in my lifetime. If you go back to 1971, a hamburger cost 55 cents and today it cost $3.55. That’s what inflation has done to the US dollar. Whereas gold, one gram of gold in 1971 would have bought you two burgers and today it buys you 12. Money depreciates in ways that are outside of our control but gold doesn’t.
You Can Now Use Gold As Money
Money should be something that is both something you save and spend. We’re bringing a more superior form of money to everybody in the United States. Every time the customer buys or sells their gold we make 0.5 percent. So it’s the cheapest way you can buy physical gold. We’re a transactional-based business and the merchants pay us a little bit as well.
We’re really excited about launching today. I hope everyone downloads the app. What we believe is gold is the ultimate form of money. Central banks hold it. It has been being used as money for thousands of years. It just couldn’t be used in electronic payment. We’ve just solved the biggest problem with gold. You can now use gold as money. We’ve created your own personal gold standard. The Glint debit card launches today.
Glint App Explained In New Commercial:
Protecting your slice of the American dream isn’t always easy. Sometimes it takes a little more than just elbow grease and saving pennies. It takes innovation and that’s where the new app from Glint can change everything. How? By using gold. For the first time since the frontier days, American’s can now easily save and spend with gold with no hidden fees, minimums, or expensive financial advisors. Simply download the app, link your new card, and start enjoying the timeless stability and freedom of gold.
Unlike currencies that lose value to inflation and investments that can evaporate in a recession, gold has consistently increased in value. It’s a safe harbor from troubled economic times. In fact, gold tends to appreciate with the kind of recession many experts are predicting in the next two years. You’ve worked hard to create a good life for your family and you don’t want Wall Street or the Federal Reserve making decisions for you. That’s why Glint is the right choice for security and independence.