Users can send and receive gold as payment to and from any BitGold user or seller for free. Gold can be sent as payment to non-BitGold users with email or mobile phone. This does seem like an interesting use case in the Information Age.
Users can spend gold with a BitGold prepaid debit card. Since many major credit cards are accepted globally this greatly extends the places where funds can be spent from a Bitgold account. Additionally, the feature includes ATM machines to withdraw local currency.
The 10 gram BitGold gold cubes are worth approximately US$380. They can be redeemed by users on the BitGold platform. Being able to demand physical delivery at any time is very important when it comes to gold investments.
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