• Intercash News

STRIKING PREPAID GOLD BULLION ​BACKS NEW CARD

Updated: Apr 17


December 15, 2015 - BitGold, a Toronto-based company, is making it possible to use gold bullion to fund prepaid debit cards with a platform created with help of Intercash, a prepaid vendor with headquarters on the Isle of Man in the United Kingdom.


Backing a prepaid card with gold enables the cardholder to pay international travel expenses or transfer funds from country to country without taking a financial beating on currency exchange rates, according to Darrell MacMullin, BitGold CEO.


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Intercash cards are issued by various issuing banks pursuant to licenses by MasterCard International Incorporated and Visa International Incorporated. MasterCard is a registered trademark of MasterCard International Incorporated. Visa is a registered trademark of Visa International Incorporated.

Intercash is an approved Program Manager and registered service provider of Mastercard and Visa. "All transfers of funds are processed by Intercash partner financial institutions using the certified  "PrepaidGate" technology. 

 

Funds may be processed via other regulated 3rd parties and services may be carried out via the groups subsidiaries and related group of companies including Intercash Prepaid Limited, Complete Solutions Limited, Complete Solution Payments Inc.

Andaria Limited 2019