Thanks for your advice Mike I will take it on board I will definitely watch this thread for future updates!
This is how Goldmoney, the guys who came up with the original idea do it.
100% physical gold backing is very clearly stated on the main page as well as in FAQ. 100% of all gold purchased by their customers is stored in vaults around the world.
I hope this means they’ll improve the android app. No card topups, FPS transfers take a day to show up, and no way to automatically convert cash to gold, so quite a faff, particularly if you’re dripfeeding.
No chat in app either…
On a more general note, I wonder how many people are using this for payments, rather than just buying gold.
It might be a good option as a burner card
Had another look at this today on Android. It’s pretty much the app they shipped on day one, except you can now hold EUR and USD balances.
Lots of simple stuff they could do to improve, but it’s not getting done
The only thing they have going for me is their card design, it’s my absolute favourite. Too bad there’s no reason to use it
It needs so many UI changes in my mind it’s unreal. Plus the fees are too high to be thinking about day to day use.
But I do like them I want to use it. They just need to engage more.
Agreed. Customer service / appearance is not their strong point. Even their welcome email is from no-reply
Think delays are because they’ve been focused on laying the foundations for launch:
It seems they went under.
It was only surprising that they lasted this long
In theory, lack of FSCS protection should be irrelevant
8.7 Glint holds all client money in accordance with the Financial Conduct Authority’s (FCA) Client Money rules. This means it holds clients’ money separately from the firm’s money in a designated Client Safeguarded Account in an UK regulated credit institution. This arrangement is designed to ensure that client money is not a risk in the unlikely event of Glint getting into financial difficulties
Goldex and Tally next?!
I wonder whether the timing with Tally just launching is significant
My is trapped! All £0.62 of it
But in all seriousness, this is a great shame and sobering reminder that crowdfunding and startups are risky. Glad I dodged this bullet on both counts and will re-evaluate where i put my money
Glint exits Administration. Is anyone going to just start using it again or withdraw their money?
Realistically, who’s going to trust them now? With the same team that managed them into administration?
Yep same guy…
Trust is going to be a real issue for them now for sure.
depends, is there any alternative to Glint?
Goldex are meant to be releasing a card. I am going to keep using glint personally. But will spread the risk by using goldex and owning physical if possible.
Keen to see what the solid gold card is going to be like that glint say they are releasing.