According to an interview with CNBC they have 104,817 active customers and store approximately 276 kilograms of bullion stored or about $10.7 million at $1,213 per ounce. This means there are approximately $103 per active user.
Major competitors include BullionVault and GoldMoney. BullionVault has approximately 55,000 customers and $2B of bullion stored or about $36,000 per customer while GoldMoney has about 22,000 customers and $1.3B or about $60,000 per customer.
On March 4, 2015 Bitreserve brought suit against Bitgold in the New York Southern District Court case number 1:2015cv01593.
On May 13, 2015 Bitgold Inc. began trading on the TSX Venture exchange in Canada.
On May 22, 2015 Bitgold Inc. announced the purchase of GoldMoney operating subsidiaries and intellectual property in a transaction valued at CAD$51.9m.
On June 26, 2015 Bitgold Inc. announced:
US residents can sign up on the BitGold platform and buy, sell, or redeem gold using BitGold’s Aurum payment and settlement technology. US residents will also have access to the BitGold mobile app and a prepaid card when these features launch over the coming weeks. Send and receive gold payment features are not initially available in the US.What are Bitgold's products and services?
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