Hi,
Our aim is to promote international and global acceptance of PG-Pay as a fast transacting and efficient payment method for digital gold transactions. Today a transaction between persons residing in different countries can still take several days and also cost the parties a significant share of the money ransferred (the average cross border transaction fee is 7.45%) as each party of the transfer chain, of which there are many, requires a small margin for their efforts. This can now be done in seconds using Gold backed cryptocurrencies via the blockchain for practically zero cost and more securely than ever before.
Puregold is building Gold Commerce Platform for a digital Gold payments era. People will be able to store, spend and exchange Gold in the same way as they could any other currency, but in a quicker, cheaper and more secured environment than what is available now in traditional bank or fiat currency. The Gold Commerce Platform will be the decentralized core that interlocks the restricted financial world we live in today with a futuristic Gold economy with limitless and borderless opportunities.
Puregold will take full advantage of this global contactless phenomenon, but instead of using traditional payment cards with fiat currencies, we will use personal smart phones as the medium for digital gold payments. We can skip generations of dedicated development by some of the biggest companies in the world, and adapt that technology to the Gold currency era within months, not decades.