InGold PAY system implementation

InGold PAY is a payment system within the EU that uses gold as a medium of exchange. Here are the key points:

• Gold as a means of payment:
  • InGold PAY combines the stability of physical gold with the convenience of digital transactions.
  • It enables payments in gold, offering an alternative to traditional currencies.
• Digital transactions:
  • The system enables fast and secure digital transfers.
  • It uses NFC chips and QR codes to authorise and facilitate payments.
  • Users can install a mobile app to manage their gold accounts and make payments.
• Focus:
  • The system focuses on providing limitless and fee-free payments to individuals and businesses in EU countries.
  • Payments can only be made by the owner of the physical gold deposited with the transaction authority.
  • It facilitates modern contactless payments backed by physical gold.
• For businesses:
  • InGold PAY enables businesses to accept payments in gold.

In short, InGold PAY is a system that allows people to make payments using gold via a digital platform.