Implode-o-Meter News - BitGold begins trading on TSX Venture Exchange as gold transaction platform builds momentum

Roy Sebag and Josh Crumb started their business with one simple guiding principle. "We wanted to be able to go into Tim Hortons and buy a coffee with gold, with our credit card or debit card," Sebag said in an interview. "It went from being a hobby of how to do that to this whole company."
Investors will start to get a better look at their vision on Wednesday, as shares of BitGold Inc. begin trading on the TSX Venture Exchange. It is the culmination of several years of hard work by the founders, and is being backed by George Soros, Sprott Inc. and other big-name financiers. The company has a valuation of more than $30 million...

"It is a complicated (structure). But for the user -- and this is the main thing -- it's just Paypal with gold. It's a nice clean interface," Crumb said.

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BitGold begins trading on TSX Venture Exchange as gold transaction platform builds momentum