The Goldback is a revolutionary product that solves the problem of physical gold being used as a currency for small transactions. Being hyper fractional (lowest denomination is 1/2000th of a troy ounce of gold), gold can finally be used for everyday small priced items.
The Goldback was first introduced in 2019, and has had phenomenal success since. Currently having launched it's 6th state in the Goldback Series, Florida, there is no plans on slowing down. People learning the benefits of sound honest money being used as voluntary negotiable instruments will continue this momentum. This means more beautiful designs are on the horizon!
Goldbacks are produced in a variety of denominations sizes, from the 1/2 note up to the 100 note. And since Goldbacks are interchangeable (fungible), there is no additional premium to the holder. Carrying one 25 Goldbacks note or five 5 Goldbacks notes gives the carrier the same purchasing power.
Using Goldbacks
Using Goldbacks in transactions are exactly what they are created for! To help with transactions, Goldback has published a calculator to use when using Goldbacks. This will show how much additional $ may be owed by the customer, or how much $ should be given as change. Goldbacks also make great tips!
If you're a merchant that would like to accept Goldbacks, you can start right away! You can also register your business on the Goldback merchant network to get a free window sticker, get listed on the merchant map, and get access to great information for merchants.