Investment:

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• BIG is busy finalising the acquisition of a minority interest in FreePay which is launching a 100% gold-backed digital currency and owns the technology, payments and trading platforms on which it will operate. FreePay is a significant shareholder in both the Middelvlei and ERPM Gold Mines. Production from mines will ensure the supply of physical gold to back the FreePay digital currency. 

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Overview:

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• Development of a 100% physical gold-backed digital currency augmented with a global payment system, focused on a return of the gold standard and use of gold as a medium of exchange. 

• The payment network will utilise blockchain technology to ensure safe, secure and seamless payments utilising gold as a currency. 

• This project is being developed in conjunction with Crowd Machine, a global software implementation platform that focuses on the deployment of technology and blockchain.

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