admin

February 6, 2019

SendGold's CEO Jodi Stanton has been shortlisted for the prestigious Fintech Business Awards. Jodi has been named as a finalist for the Femtech category.

Founded in 2016, SendGold is a fully-regulated, fully-liquid, peer-to-peer gold ownership, gifting and payment gateway platform based in Australia. The team's mission is to put peer-to-peer digital gold in the hands of 10 millions people to help build and maintain their wealth with a simple, accessible product. SendGold currently operates in 12 countries including the U.S., India and China. SendGold has particularly strong relationships with category 1 dealers on the London Metal Exchange and global payment partners, and has signed on multiple business clients, with its Gold-as-a-Service (GaaS) business product, including Global Reward Solutions, the world’s largest cloud-based loyalty program with blue chip customers. SendGold also launched an augmented reality customer acquisition game "Gold Rush" (like Pokémon Go with real gold to find) to support low-cost viral marketing anywhere in the world. The Fintech Business Awards, one of the leading awards programs in the Australian financial technology sector, celebrates the leading individuals and organisations who demonstrate outstanding innovation and entrepreneurship. Covering 18 categories, the prestigious event will bring together Australian entrepreneurs, start-ups and established tech firms from across the fintech spectrum as well as private equity and angel investors to large financial institutions and professional services firms. “The Australian financial sector continues to grow and is one of the fastest growing sectors in the country which is fuelled by the innovative efforts of the country’s rapidly growing community of fintech entrepreneurs,” said Fintech Business editor, James Mitchell. “These awards shine a light on those entrepreneurs, allowing them to be recognised for their hard work.” "Congratulations to all of you who have secured a finalist position." Winners of each category will automatically be shortlisted for the coveted Fintech Business Excellence Award. Jodi said she applauds the Fintech Business Award team, was delighted by the nomination. “SendGold’s recognition for its strategic contribution to the wealth and payments industries reinforces the strength of the brand in connecting with the community and engaging with its customers,” she added. The winners will be announced at an awards ceremony on 28 March. Read for the full list of finalists. Follow SendGold on Facebook  


admin

February 6, 2019

SendGold's CEO Jodi Stanton has been shortlisted for the prestigious Fintech Business Awards. Jodi has been named as a finalist for the Femtech category.

Founded in 2016, SendGold is a fully-regulated, fully-liquid, peer-to-peer gold ownership, gifting and payment gateway platform based in Australia. The team's mission is to put peer-to-peer digital gold in the hands of 10 millions people to help build and maintain their wealth with a simple, accessible product. SendGold currently operates in 12 countries including the U.S., India and China. SendGold has particularly strong relationships with category 1 dealers on the London Metal Exchange and global payment partners, and has signed on multiple business clients, with its Gold-as-a-Service (GaaS) business product, including Global Reward Solutions, the world’s largest cloud-based loyalty program with blue chip customers. SendGold also launched an augmented reality customer acquisition game "Gold Rush" (like Pokémon Go with real gold to find) to support low-cost viral marketing anywhere in the world. The Fintech Business Awards, one of the leading awards programs in the Australian financial technology sector, celebrates the leading individuals and organisations who demonstrate outstanding innovation and entrepreneurship. Covering 18 categories, the prestigious event will bring together Australian entrepreneurs, start-ups and established tech firms from across the fintech spectrum as well as private equity and angel investors to large financial institutions and professional services firms. “The Australian financial sector continues to grow and is one of the fastest growing sectors in the country which is fuelled by the innovative efforts of the country’s rapidly growing community of fintech entrepreneurs,” said Fintech Business editor, James Mitchell. “These awards shine a light on those entrepreneurs, allowing them to be recognised for their hard work.” "Congratulations to all of you who have secured a finalist position." Winners of each category will automatically be shortlisted for the coveted Fintech Business Excellence Award. Jodi said she applauds the Fintech Business Award team, was delighted by the nomination. “SendGold’s recognition for its strategic contribution to the wealth and payments industries reinforces the strength of the brand in connecting with the community and engaging with its customers,” she added. The winners will be announced at an awards ceremony on 28 March. Read for the full list of finalists. Follow SendGold on Facebook  


Mark Pey

January 15, 2019

Why Gold in 2019 according to The World Gold Council

"As we look ahead, we expect that the interplay between market risk and economic growth in 2019 will drive gold demand. And we explore three key trends that we expect will influence its price performance: financial market instability, monetary policy and the US dollar, and structural economic reforms. Against this backdrop, we believe that gold has an increasingly relevant role to play in investors' portfolios."

Why Gold is Valuable

According to The World Gold Council there are four attributes that make gold a valuable strategic asset:

  • it provides a source of return
  • it has a low correlation to major asset classes in both expansionary and recessionary periods
  • it is a mainstream asset that is as liquid as other financial securities
  • it has a history of improved portfolio risk-adjusted returns.

In 2018 these factors all came into play in gold’s price performance relative to other assets. As the chart below shows, gold outperformed shares, commodities, and balanced funds for the year:

 

world-gold-council-why-gold-2019

 

(Note: the "Long USD Gold" line on the chart is an index of gold performance in currencies other than the U. S. Dollar, including the Euro, the Japanese Yen, and the British Pound).

Why Gold now in 2019

In 2019 the Council expects a carry-over of the three main factors that drove gold performance in 2018:

  • financial market instability
  • monetary policy and the U.S. Dollar
  • structural economic reforms

The first factor drives gold performance as investors seek safe havens from market volatility, which has continued so far this year.

The second factor affects gold’s headline USD price, but the U.S. Federal Reserve is expressing a more neutral stance from the policies that drove relative dollar strength last year.

And the third factor, economic reform that will continue to support demand for gold in jewellery, technology and as means of savings, looks to continue especially in the countries across Asia that are responsible for 70% of global gold demand.

So Happy New Year to all our customers, and we hope you will make it a golden one!

Read full report from the World Gold Council.

Read more about gold liquidity

Follow SendGold on Facebook

 


admin

February 6, 2019

SendGold's CEO Jodi Stanton has been shortlisted for the prestigious Fintech Business Awards. Jodi has been named as a finalist for the Femtech category.

Founded in 2016, SendGold is a fully-regulated, fully-liquid, peer-to-peer gold ownership, gifting and payment gateway platform based in Australia. The team's mission is to put peer-to-peer digital gold in the hands of 10 millions people to help build and maintain their wealth with a simple, accessible product. SendGold currently operates in 12 countries including the U.S., India and China. SendGold has particularly strong relationships with category 1 dealers on the London Metal Exchange and global payment partners, and has signed on multiple business clients, with its Gold-as-a-Service (GaaS) business product, including Global Reward Solutions, the world’s largest cloud-based loyalty program with blue chip customers. SendGold also launched an augmented reality customer acquisition game "Gold Rush" (like Pokémon Go with real gold to find) to support low-cost viral marketing anywhere in the world. The Fintech Business Awards, one of the leading awards programs in the Australian financial technology sector, celebrates the leading individuals and organisations who demonstrate outstanding innovation and entrepreneurship. Covering 18 categories, the prestigious event will bring together Australian entrepreneurs, start-ups and established tech firms from across the fintech spectrum as well as private equity and angel investors to large financial institutions and professional services firms. “The Australian financial sector continues to grow and is one of the fastest growing sectors in the country which is fuelled by the innovative efforts of the country’s rapidly growing community of fintech entrepreneurs,” said Fintech Business editor, James Mitchell. “These awards shine a light on those entrepreneurs, allowing them to be recognised for their hard work.” "Congratulations to all of you who have secured a finalist position." Winners of each category will automatically be shortlisted for the coveted Fintech Business Excellence Award. Jodi said she applauds the Fintech Business Award team, was delighted by the nomination. “SendGold’s recognition for its strategic contribution to the wealth and payments industries reinforces the strength of the brand in connecting with the community and engaging with its customers,” she added. The winners will be announced at an awards ceremony on 28 March. Read for the full list of finalists. Follow SendGold on Facebook  


Mark Pey

January 15, 2019

Why Gold in 2019 according to The World Gold Council

"As we look ahead, we expect that the interplay between market risk and economic growth in 2019 will drive gold demand. And we explore three key trends that we expect will influence its price performance: financial market instability, monetary policy and the US dollar, and structural economic reforms. Against this backdrop, we believe that gold has an increasingly relevant role to play in investors' portfolios."

Why Gold is Valuable

According to The World Gold Council there are four attributes that make gold a valuable strategic asset:

  • it provides a source of return
  • it has a low correlation to major asset classes in both expansionary and recessionary periods
  • it is a mainstream asset that is as liquid as other financial securities
  • it has a history of improved portfolio risk-adjusted returns.

In 2018 these factors all came into play in gold’s price performance relative to other assets. As the chart below shows, gold outperformed shares, commodities, and balanced funds for the year:

 

world-gold-council-why-gold-2019

 

(Note: the "Long USD Gold" line on the chart is an index of gold performance in currencies other than the U. S. Dollar, including the Euro, the Japanese Yen, and the British Pound).

Why Gold now in 2019

In 2019 the Council expects a carry-over of the three main factors that drove gold performance in 2018:

  • financial market instability
  • monetary policy and the U.S. Dollar
  • structural economic reforms

The first factor drives gold performance as investors seek safe havens from market volatility, which has continued so far this year.

The second factor affects gold’s headline USD price, but the U.S. Federal Reserve is expressing a more neutral stance from the policies that drove relative dollar strength last year.

And the third factor, economic reform that will continue to support demand for gold in jewellery, technology and as means of savings, looks to continue especially in the countries across Asia that are responsible for 70% of global gold demand.

So Happy New Year to all our customers, and we hope you will make it a golden one!

Read full report from the World Gold Council.

Read more about gold liquidity

Follow SendGold on Facebook

 


Steve Wilson

December 17, 2018

Public blockchain consensus algorithms create order out of chaos.

They literally produce an agreed ordering of real-time entries on a shared ledger, in a special case where we choose to have no administrator, thus creating an official account of all transactions.

But do you actually need Consensus

“Consensus” is a beguiling property of blockchain which is actually difficult to generalise beyond cryptocurrency. Consensus is not what many people think it is. Most of the broader blockchain applications don’t need to reach consensus about the state of a ledger in the same way as Bitcoin does. And they can do without Bitcoin’s infamous overhead and processing delays. The problem space of the Bitcoin blockchain is non-fiat digital money; that is, electronic cash transacted with no intermediaries or regulator, and no registration of account holders. There are digital money solutions such as Digicash which use a central “mint” to oversee transactions and prevent double spend, but cryptocurrency advocates remained unhappy with centralised architectures until Nakamoto arrived. Nakamoto’s pioneering blockchain crowdsources the monitoring of transactions, with the network periodically reaching agreement on blocks of accepted transactions, which it commits to the shared ledger.

Singular Purpose

The consensus reached by blockchain is about one thing only: the order in which transactions are deemed to have occurred, for this is sufficient to prevent double spend (in Hyperledger Fabric, this function is explicitly named the Ordering Service). Cryptocurrency architects are free to reject central administration, yet very few real-world business settings are like that. Programs with intrinsic administration – such as education, healthcare, elections and land titles – don’t need to crowdsource questions about the state of their data. Blockchain consensus creates order out of the deliberate chaos of cryptocurrency, where key holders go unregistered. Many extended blockchain use cases, such as IoT or supply chain, have no such disorder. These networks are orderly to begin with, and don’t need an elaborate consensus algorithm to work out what’s going on.

Manager or Crowdsource

When analysing potential blockchain use cases, always ask precisely what any consensus is about. Is it beneficial to crowdsource the monitoring of a network if it’s cheaper or more natural to have a manager?   Follow SendGold on Facebook  


admin

February 6, 2019

SendGold's CEO Jodi Stanton has been shortlisted for the prestigious Fintech Business Awards. Jodi has been named as a finalist for the Femtech category.

Founded in 2016, SendGold is a fully-regulated, fully-liquid, peer-to-peer gold ownership, gifting and payment gateway platform based in Australia. The team's mission is to put peer-to-peer digital gold in the hands of 10 millions people to help build and maintain their wealth with a simple, accessible product. SendGold currently operates in 12 countries including the U.S., India and China. SendGold has particularly strong relationships with category 1 dealers on the London Metal Exchange and global payment partners, and has signed on multiple business clients, with its Gold-as-a-Service (GaaS) business product, including Global Reward Solutions, the world’s largest cloud-based loyalty program with blue chip customers. SendGold also launched an augmented reality customer acquisition game "Gold Rush" (like Pokémon Go with real gold to find) to support low-cost viral marketing anywhere in the world. The Fintech Business Awards, one of the leading awards programs in the Australian financial technology sector, celebrates the leading individuals and organisations who demonstrate outstanding innovation and entrepreneurship. Covering 18 categories, the prestigious event will bring together Australian entrepreneurs, start-ups and established tech firms from across the fintech spectrum as well as private equity and angel investors to large financial institutions and professional services firms. “The Australian financial sector continues to grow and is one of the fastest growing sectors in the country which is fuelled by the innovative efforts of the country’s rapidly growing community of fintech entrepreneurs,” said Fintech Business editor, James Mitchell. “These awards shine a light on those entrepreneurs, allowing them to be recognised for their hard work.” "Congratulations to all of you who have secured a finalist position." Winners of each category will automatically be shortlisted for the coveted Fintech Business Excellence Award. Jodi said she applauds the Fintech Business Award team, was delighted by the nomination. “SendGold’s recognition for its strategic contribution to the wealth and payments industries reinforces the strength of the brand in connecting with the community and engaging with its customers,” she added. The winners will be announced at an awards ceremony on 28 March. Read for the full list of finalists. Follow SendGold on Facebook  


Mark Pey

January 15, 2019

Why Gold in 2019 according to The World Gold Council

"As we look ahead, we expect that the interplay between market risk and economic growth in 2019 will drive gold demand. And we explore three key trends that we expect will influence its price performance: financial market instability, monetary policy and the US dollar, and structural economic reforms. Against this backdrop, we believe that gold has an increasingly relevant role to play in investors' portfolios."

Why Gold is Valuable

According to The World Gold Council there are four attributes that make gold a valuable strategic asset:

  • it provides a source of return
  • it has a low correlation to major asset classes in both expansionary and recessionary periods
  • it is a mainstream asset that is as liquid as other financial securities
  • it has a history of improved portfolio risk-adjusted returns.

In 2018 these factors all came into play in gold’s price performance relative to other assets. As the chart below shows, gold outperformed shares, commodities, and balanced funds for the year:

 

world-gold-council-why-gold-2019

 

(Note: the "Long USD Gold" line on the chart is an index of gold performance in currencies other than the U. S. Dollar, including the Euro, the Japanese Yen, and the British Pound).

Why Gold now in 2019

In 2019 the Council expects a carry-over of the three main factors that drove gold performance in 2018:

  • financial market instability
  • monetary policy and the U.S. Dollar
  • structural economic reforms

The first factor drives gold performance as investors seek safe havens from market volatility, which has continued so far this year.

The second factor affects gold’s headline USD price, but the U.S. Federal Reserve is expressing a more neutral stance from the policies that drove relative dollar strength last year.

And the third factor, economic reform that will continue to support demand for gold in jewellery, technology and as means of savings, looks to continue especially in the countries across Asia that are responsible for 70% of global gold demand.

So Happy New Year to all our customers, and we hope you will make it a golden one!

Read full report from the World Gold Council.

Read more about gold liquidity

Follow SendGold on Facebook

 


Steve Wilson

December 17, 2018

Public blockchain consensus algorithms create order out of chaos.

They literally produce an agreed ordering of real-time entries on a shared ledger, in a special case where we choose to have no administrator, thus creating an official account of all transactions.

But do you actually need Consensus

“Consensus” is a beguiling property of blockchain which is actually difficult to generalise beyond cryptocurrency. Consensus is not what many people think it is. Most of the broader blockchain applications don’t need to reach consensus about the state of a ledger in the same way as Bitcoin does. And they can do without Bitcoin’s infamous overhead and processing delays. The problem space of the Bitcoin blockchain is non-fiat digital money; that is, electronic cash transacted with no intermediaries or regulator, and no registration of account holders. There are digital money solutions such as Digicash which use a central “mint” to oversee transactions and prevent double spend, but cryptocurrency advocates remained unhappy with centralised architectures until Nakamoto arrived. Nakamoto’s pioneering blockchain crowdsources the monitoring of transactions, with the network periodically reaching agreement on blocks of accepted transactions, which it commits to the shared ledger.

Singular Purpose

The consensus reached by blockchain is about one thing only: the order in which transactions are deemed to have occurred, for this is sufficient to prevent double spend (in Hyperledger Fabric, this function is explicitly named the Ordering Service). Cryptocurrency architects are free to reject central administration, yet very few real-world business settings are like that. Programs with intrinsic administration – such as education, healthcare, elections and land titles – don’t need to crowdsource questions about the state of their data. Blockchain consensus creates order out of the deliberate chaos of cryptocurrency, where key holders go unregistered. Many extended blockchain use cases, such as IoT or supply chain, have no such disorder. These networks are orderly to begin with, and don’t need an elaborate consensus algorithm to work out what’s going on.

Manager or Crowdsource

When analysing potential blockchain use cases, always ask precisely what any consensus is about. Is it beneficial to crowdsource the monitoring of a network if it’s cheaper or more natural to have a manager?   Follow SendGold on Facebook  


Jodi Stanton

December 12, 2018

Exclusive Shareholder Gold Rush

Save the Date - December 15/16 near you!
  • Have a bit of fun and find some gold.
  • As a shareholder, you have an exclusive invite to play.
  • Up to $30,000 to find across Australia.

Players must be listed as both a shareholder and a SendGold account holder to participate in this exclusive shareholder Gold Rush. Please contact us at customerteam@sendgold.com if you need to change this email address.

How to Play

Click here to find our how to play.

Sneak Peak: Gold bullion points in Perth

Between 9 AM and 12 PM on Saturday and Sunday you can find gold intermittently across these selected areas in Perth - up to $30,000 worth of gold to find across Australia!

[caption id="attachment_2336" align="aligncenter" width="300"]Gold-Rush-Perth Gold-Rush-Perth[/caption]

Want even more Free Gold?

Send us a video of yourself hunting or finding gold and we'll reward the most creative options with 100G and a spot on our website.

  Follow SendGold on Facebook  


admin

February 6, 2019

SendGold's CEO Jodi Stanton has been shortlisted for the prestigious Fintech Business Awards. Jodi has been named as a finalist for the Femtech category.

Founded in 2016, SendGold is a fully-regulated, fully-liquid, peer-to-peer gold ownership, gifting and payment gateway platform based in Australia. The team's mission is to put peer-to-peer digital gold in the hands of 10 millions people to help build and maintain their wealth with a simple, accessible product. SendGold currently operates in 12 countries including the U.S., India and China. SendGold has particularly strong relationships with category 1 dealers on the London Metal Exchange and global payment partners, and has signed on multiple business clients, with its Gold-as-a-Service (GaaS) business product, including Global Reward Solutions, the world’s largest cloud-based loyalty program with blue chip customers. SendGold also launched an augmented reality customer acquisition game "Gold Rush" (like Pokémon Go with real gold to find) to support low-cost viral marketing anywhere in the world. The Fintech Business Awards, one of the leading awards programs in the Australian financial technology sector, celebrates the leading individuals and organisations who demonstrate outstanding innovation and entrepreneurship. Covering 18 categories, the prestigious event will bring together Australian entrepreneurs, start-ups and established tech firms from across the fintech spectrum as well as private equity and angel investors to large financial institutions and professional services firms. “The Australian financial sector continues to grow and is one of the fastest growing sectors in the country which is fuelled by the innovative efforts of the country’s rapidly growing community of fintech entrepreneurs,” said Fintech Business editor, James Mitchell. “These awards shine a light on those entrepreneurs, allowing them to be recognised for their hard work.” "Congratulations to all of you who have secured a finalist position." Winners of each category will automatically be shortlisted for the coveted Fintech Business Excellence Award. Jodi said she applauds the Fintech Business Award team, was delighted by the nomination. “SendGold’s recognition for its strategic contribution to the wealth and payments industries reinforces the strength of the brand in connecting with the community and engaging with its customers,” she added. The winners will be announced at an awards ceremony on 28 March. Read for the full list of finalists. Follow SendGold on Facebook  


Mark Pey

January 15, 2019

Why Gold in 2019 according to The World Gold Council

"As we look ahead, we expect that the interplay between market risk and economic growth in 2019 will drive gold demand. And we explore three key trends that we expect will influence its price performance: financial market instability, monetary policy and the US dollar, and structural economic reforms. Against this backdrop, we believe that gold has an increasingly relevant role to play in investors' portfolios."

Why Gold is Valuable

According to The World Gold Council there are four attributes that make gold a valuable strategic asset:

  • it provides a source of return
  • it has a low correlation to major asset classes in both expansionary and recessionary periods
  • it is a mainstream asset that is as liquid as other financial securities
  • it has a history of improved portfolio risk-adjusted returns.

In 2018 these factors all came into play in gold’s price performance relative to other assets. As the chart below shows, gold outperformed shares, commodities, and balanced funds for the year:

 

world-gold-council-why-gold-2019

 

(Note: the "Long USD Gold" line on the chart is an index of gold performance in currencies other than the U. S. Dollar, including the Euro, the Japanese Yen, and the British Pound).

Why Gold now in 2019

In 2019 the Council expects a carry-over of the three main factors that drove gold performance in 2018:

  • financial market instability
  • monetary policy and the U.S. Dollar
  • structural economic reforms

The first factor drives gold performance as investors seek safe havens from market volatility, which has continued so far this year.

The second factor affects gold’s headline USD price, but the U.S. Federal Reserve is expressing a more neutral stance from the policies that drove relative dollar strength last year.

And the third factor, economic reform that will continue to support demand for gold in jewellery, technology and as means of savings, looks to continue especially in the countries across Asia that are responsible for 70% of global gold demand.

So Happy New Year to all our customers, and we hope you will make it a golden one!

Read full report from the World Gold Council.

Read more about gold liquidity

Follow SendGold on Facebook

 


Steve Wilson

December 17, 2018

Public blockchain consensus algorithms create order out of chaos.

They literally produce an agreed ordering of real-time entries on a shared ledger, in a special case where we choose to have no administrator, thus creating an official account of all transactions.

But do you actually need Consensus

“Consensus” is a beguiling property of blockchain which is actually difficult to generalise beyond cryptocurrency. Consensus is not what many people think it is. Most of the broader blockchain applications don’t need to reach consensus about the state of a ledger in the same way as Bitcoin does. And they can do without Bitcoin’s infamous overhead and processing delays. The problem space of the Bitcoin blockchain is non-fiat digital money; that is, electronic cash transacted with no intermediaries or regulator, and no registration of account holders. There are digital money solutions such as Digicash which use a central “mint” to oversee transactions and prevent double spend, but cryptocurrency advocates remained unhappy with centralised architectures until Nakamoto arrived. Nakamoto’s pioneering blockchain crowdsources the monitoring of transactions, with the network periodically reaching agreement on blocks of accepted transactions, which it commits to the shared ledger.

Singular Purpose

The consensus reached by blockchain is about one thing only: the order in which transactions are deemed to have occurred, for this is sufficient to prevent double spend (in Hyperledger Fabric, this function is explicitly named the Ordering Service). Cryptocurrency architects are free to reject central administration, yet very few real-world business settings are like that. Programs with intrinsic administration – such as education, healthcare, elections and land titles – don’t need to crowdsource questions about the state of their data. Blockchain consensus creates order out of the deliberate chaos of cryptocurrency, where key holders go unregistered. Many extended blockchain use cases, such as IoT or supply chain, have no such disorder. These networks are orderly to begin with, and don’t need an elaborate consensus algorithm to work out what’s going on.

Manager or Crowdsource

When analysing potential blockchain use cases, always ask precisely what any consensus is about. Is it beneficial to crowdsource the monitoring of a network if it’s cheaper or more natural to have a manager?   Follow SendGold on Facebook  


Jodi Stanton

December 12, 2018

Exclusive Shareholder Gold Rush

Save the Date - December 15/16 near you!
  • Have a bit of fun and find some gold.
  • As a shareholder, you have an exclusive invite to play.
  • Up to $30,000 to find across Australia.

Players must be listed as both a shareholder and a SendGold account holder to participate in this exclusive shareholder Gold Rush. Please contact us at customerteam@sendgold.com if you need to change this email address.

How to Play

Click here to find our how to play.

Sneak Peak: Gold bullion points in Perth

Between 9 AM and 12 PM on Saturday and Sunday you can find gold intermittently across these selected areas in Perth - up to $30,000 worth of gold to find across Australia!

[caption id="attachment_2336" align="aligncenter" width="300"]Gold-Rush-Perth Gold-Rush-Perth[/caption]

Want even more Free Gold?

Send us a video of yourself hunting or finding gold and we'll reward the most creative options with 100G and a spot on our website.

  Follow SendGold on Facebook  


Mark Pey

October 13, 2018

SendGold contributes to the PwC Stablecoin Market Insights

Recently SendGold were asked by Price Waterhouse Coopers to contribute to their report on global cryptocurrency stablecoins. Stablecoins seek to smooth out the price volatility that is widely seen as an adoption deterrent for cryptocurrencies including Bitcoin and Ethereum. Given its successful track record of value preservation over centuries, and its universal appeal across every culture in the world, we believe gold is potentially very well suited to the stablecoin role. While the report minimised the risks inherent in stablecoins that use currency pegs, we think the report does offer some unique insights into this exciting chapter in the evolution of digital money. Read PwC Stablecoin Evolution & Market Trends.   Follow SendGold on Facebook  


admin

February 6, 2019

SendGold's CEO Jodi Stanton has been shortlisted for the prestigious Fintech Business Awards. Jodi has been named as a finalist for the Femtech category.

Founded in 2016, SendGold is a fully-regulated, fully-liquid, peer-to-peer gold ownership, gifting and payment gateway platform based in Australia. The team's mission is to put peer-to-peer digital gold in the hands of 10 millions people to help build and maintain their wealth with a simple, accessible product. SendGold currently operates in 12 countries including the U.S., India and China. SendGold has particularly strong relationships with category 1 dealers on the London Metal Exchange and global payment partners, and has signed on multiple business clients, with its Gold-as-a-Service (GaaS) business product, including Global Reward Solutions, the world’s largest cloud-based loyalty program with blue chip customers. SendGold also launched an augmented reality customer acquisition game "Gold Rush" (like Pokémon Go with real gold to find) to support low-cost viral marketing anywhere in the world. The Fintech Business Awards, one of the leading awards programs in the Australian financial technology sector, celebrates the leading individuals and organisations who demonstrate outstanding innovation and entrepreneurship. Covering 18 categories, the prestigious event will bring together Australian entrepreneurs, start-ups and established tech firms from across the fintech spectrum as well as private equity and angel investors to large financial institutions and professional services firms. “The Australian financial sector continues to grow and is one of the fastest growing sectors in the country which is fuelled by the innovative efforts of the country’s rapidly growing community of fintech entrepreneurs,” said Fintech Business editor, James Mitchell. “These awards shine a light on those entrepreneurs, allowing them to be recognised for their hard work.” "Congratulations to all of you who have secured a finalist position." Winners of each category will automatically be shortlisted for the coveted Fintech Business Excellence Award. Jodi said she applauds the Fintech Business Award team, was delighted by the nomination. “SendGold’s recognition for its strategic contribution to the wealth and payments industries reinforces the strength of the brand in connecting with the community and engaging with its customers,” she added. The winners will be announced at an awards ceremony on 28 March. Read for the full list of finalists. Follow SendGold on Facebook  


Mark Pey

January 15, 2019

Why Gold in 2019 according to The World Gold Council

"As we look ahead, we expect that the interplay between market risk and economic growth in 2019 will drive gold demand. And we explore three key trends that we expect will influence its price performance: financial market instability, monetary policy and the US dollar, and structural economic reforms. Against this backdrop, we believe that gold has an increasingly relevant role to play in investors' portfolios."

Why Gold is Valuable

According to The World Gold Council there are four attributes that make gold a valuable strategic asset:

  • it provides a source of return
  • it has a low correlation to major asset classes in both expansionary and recessionary periods
  • it is a mainstream asset that is as liquid as other financial securities
  • it has a history of improved portfolio risk-adjusted returns.

In 2018 these factors all came into play in gold’s price performance relative to other assets. As the chart below shows, gold outperformed shares, commodities, and balanced funds for the year:

 

world-gold-council-why-gold-2019

 

(Note: the "Long USD Gold" line on the chart is an index of gold performance in currencies other than the U. S. Dollar, including the Euro, the Japanese Yen, and the British Pound).

Why Gold now in 2019

In 2019 the Council expects a carry-over of the three main factors that drove gold performance in 2018:

  • financial market instability
  • monetary policy and the U.S. Dollar
  • structural economic reforms

The first factor drives gold performance as investors seek safe havens from market volatility, which has continued so far this year.

The second factor affects gold’s headline USD price, but the U.S. Federal Reserve is expressing a more neutral stance from the policies that drove relative dollar strength last year.

And the third factor, economic reform that will continue to support demand for gold in jewellery, technology and as means of savings, looks to continue especially in the countries across Asia that are responsible for 70% of global gold demand.

So Happy New Year to all our customers, and we hope you will make it a golden one!

Read full report from the World Gold Council.

Read more about gold liquidity

Follow SendGold on Facebook

 


Steve Wilson

December 17, 2018

Public blockchain consensus algorithms create order out of chaos.

They literally produce an agreed ordering of real-time entries on a shared ledger, in a special case where we choose to have no administrator, thus creating an official account of all transactions.

But do you actually need Consensus

“Consensus” is a beguiling property of blockchain which is actually difficult to generalise beyond cryptocurrency. Consensus is not what many people think it is. Most of the broader blockchain applications don’t need to reach consensus about the state of a ledger in the same way as Bitcoin does. And they can do without Bitcoin’s infamous overhead and processing delays. The problem space of the Bitcoin blockchain is non-fiat digital money; that is, electronic cash transacted with no intermediaries or regulator, and no registration of account holders. There are digital money solutions such as Digicash which use a central “mint” to oversee transactions and prevent double spend, but cryptocurrency advocates remained unhappy with centralised architectures until Nakamoto arrived. Nakamoto’s pioneering blockchain crowdsources the monitoring of transactions, with the network periodically reaching agreement on blocks of accepted transactions, which it commits to the shared ledger.

Singular Purpose

The consensus reached by blockchain is about one thing only: the order in which transactions are deemed to have occurred, for this is sufficient to prevent double spend (in Hyperledger Fabric, this function is explicitly named the Ordering Service). Cryptocurrency architects are free to reject central administration, yet very few real-world business settings are like that. Programs with intrinsic administration – such as education, healthcare, elections and land titles – don’t need to crowdsource questions about the state of their data. Blockchain consensus creates order out of the deliberate chaos of cryptocurrency, where key holders go unregistered. Many extended blockchain use cases, such as IoT or supply chain, have no such disorder. These networks are orderly to begin with, and don’t need an elaborate consensus algorithm to work out what’s going on.

Manager or Crowdsource

When analysing potential blockchain use cases, always ask precisely what any consensus is about. Is it beneficial to crowdsource the monitoring of a network if it’s cheaper or more natural to have a manager?   Follow SendGold on Facebook  


Jodi Stanton

December 12, 2018

Exclusive Shareholder Gold Rush

Save the Date - December 15/16 near you!
  • Have a bit of fun and find some gold.
  • As a shareholder, you have an exclusive invite to play.
  • Up to $30,000 to find across Australia.

Players must be listed as both a shareholder and a SendGold account holder to participate in this exclusive shareholder Gold Rush. Please contact us at customerteam@sendgold.com if you need to change this email address.

How to Play

Click here to find our how to play.

Sneak Peak: Gold bullion points in Perth

Between 9 AM and 12 PM on Saturday and Sunday you can find gold intermittently across these selected areas in Perth - up to $30,000 worth of gold to find across Australia!

[caption id="attachment_2336" align="aligncenter" width="300"]Gold-Rush-Perth Gold-Rush-Perth[/caption]

Want even more Free Gold?

Send us a video of yourself hunting or finding gold and we'll reward the most creative options with 100G and a spot on our website.

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Mark Pey

October 13, 2018

SendGold contributes to the PwC Stablecoin Market Insights

Recently SendGold were asked by Price Waterhouse Coopers to contribute to their report on global cryptocurrency stablecoins. Stablecoins seek to smooth out the price volatility that is widely seen as an adoption deterrent for cryptocurrencies including Bitcoin and Ethereum. Given its successful track record of value preservation over centuries, and its universal appeal across every culture in the world, we believe gold is potentially very well suited to the stablecoin role. While the report minimised the risks inherent in stablecoins that use currency pegs, we think the report does offer some unique insights into this exciting chapter in the evolution of digital money. Read PwC Stablecoin Evolution & Market Trends.   Follow SendGold on Facebook  


Mark Pey

September 5, 2018

The most spectacular growth stories in software in the last decade have been the digital platform companies. Some of the best-known examples are the Big A’s: Amazon, AirBnB, and Alibaba. Scalable technology allows platform companies to attract customers rapidly without jeopardising reliability or re-engineering processes. They can also scale horizontally, benefiting from strong network effects to offer related products and services. In the year 2000 there were only a handful of large firms that could be described as platform companies. As of 2016, there were over 170 platform companies valued at US$1 billion or more. Brian Withers from The Motley Fool explains why investors love platform companies:

“If you build a software product once and serve multiple customers, that's powerful. If you put that product in the cloud and make it a scalable platform for hundreds or even millions of customers, it's even better. When your cloud-platform company is focused on a large addressable market and it benefits when its customers are successful, investors get really excited”.
Accenture’s Technology Vision Report 2017 lays out industry thinking around platform companies:
  • Global trade of digitally deliverable services has more than doubled over the past decade, comprising approximately 50% of total services exports.
  • In 2015, 81% of companies believed that “industry boundaries will dramatically blur as platforms reshape industries into interconnected ecosystems.”
  • In the 2016 survey, 82% believed “platforms will be the ‘glue’ that brings organisations together in the digital economy.”
  • The 2017 report saw platform companies rapidly becoming the “new normal,” creating “central hubs for the rich and complex digital ecosystems that companies want to access.”
"Australia risks being left behind in the shift to platform companies. Australian corporates haven't moved swiftly enough to shift their business models to platforms", according to John Meacock, chief strategy officer for Australia and Asia for Deloitte. "They are not innovating systematically, he said, and are focusing too much on product and staff-led innovation rather than business model innovation which will "shift the dial"", he said. Australia is not without its platform successes, however. Notable "A-list" billion dollar companies include AfterPay and Atlassian. Sydney-based early-stage company SendGold have heeded this call and have taken the software platform approach to one of the largest markets in the world: gold bullion. Daily gold trading exceeds $200B, 25% more than the entire daily S&P 500 share market trade volume.
  • SendGold is hosted in the Amazon Web Services cloud, which means they can scale it globally without adding significant costs.
  • The platform is designed to enable them to digitise and monetise other physical investment assets like silver, platinum, and investment-grade diamonds.
  • The company’s Gold-as-a-Service APIs were designed specifically to work with other platform companies, enabling other businesses from gaming to loyalty to neo-banks to provide asset-based transactions to their customers.
The company started with physical gold because it is not a financial or banking product so there is no additional regulatory overhead for SendGold’s platform business partners. This means SendGold can create new channel categories where value can be exchanged for the first time. The company has their sights on messaging, chat, and social platforms, which have struggled to offer global payments and value exchange because of the cross-border friction inherent with national bank currencies. SendGold’s deal with Global Reward Solutions (GRS), the world’s largest cloud-based loyalty platform, is an example of their platform strategy in action. A single platform integration has enabled SendGold to access the GRS global customer base of more than 3 million people. SendGold’s GRS integration goes live this month. The company also has two other platform deals signed, one with Asia-focused gaming platform GMG Global, and one with China-based accounting platform EZ Cloud.
“From day one we have been building an asset-based platform, with global application”, explains SendGold CEO Jodi Stanton. “Our platform is extensible across channels, including emerging distributed ledger technology, which is where we began. Every new feature can be rolled out to all our Gold-as-a-Service customers, aligning and expanding their value-added service with ours.”
Still time to become a SendGold Shareholder SendGold’s equity crowdfunding offer is currently open via the OnMarket platform. SendGold is targeting a minimum raise size of $500,000, and a maximum of $2 million. The minimum bid size into the offer is $250. Invest now at OnMarket to own a piece of this company that has turned gold into accessible, peer to peer, digital money.
CLOSES FRIDAY 14 SEPTEMBER! Consider the offer document and general risk warning before applying. Invest Now
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