Use VeraCash as a payment method
The advantage of gold is that it protects your capital, but the disadvantage is that it is difficult today to use it as a payment method… except with VeraCash, the first solution to allow you to pay for your everyday purchases with your precious metals!
Increasingly digitized payment methods
Nowadays, only 7% of the money supply is made up of fiat money. The rest of our money is just lines on an account, otherwise known as bank money. We are also moving more and more towards a cashless society, in which all our transactions are recorded electronically and are traceable by banking institutions. As a result, it seems impossible to get out of the banking system while continuing to be a daily consumer… but VeraCash has done it!
The first prepaid card backed by gold
At the heart of the VeraCash service, the VeraCash card allows you to withdraw money from any cash machine and pay for your purchases at any shop, just like any other bank card… only better!
The real Mastercard gold card
If premium bank cards have appropriated the name of “gold”, that’s for a very good reason: gold has always represented excellence. And that is why VeraCash decided to restore the meaning of the gold card by offering our members a completely free payment card backed by gold and silver. The precious metals you own through VeraCash are therefore completely liquid, because your corner shop gets paid in gold, without even knowing it!
A card without foreign transaction fees
Unlike classic bank cards, the VeraCash card does not add any fees for currency conversions, when you withdraw money or make payments abroad. Only the Mastercard rate is applied, which allows you to make significant savings while travelling, for example by avoiding the previously obligatory trip to an expensive currency exchange agency.
A prepaid card with multiple benefits
Your VeraCash card is a contactless card which is easy to modify from the mobile app or your account space In fact, you can freeze your card, disable the contactless feature, report a lost or stolen card, track your spending and even change your limits, all in just a few clicks.
Plus, over and above the technical side, the VeraCash card is a great asset when you have capital gains, because it increases your buying power: since the grams of gold or silver that you bought on VeraCash are now worth more than they were worth upon purchase, it becomes advantageous for you to spend them!
Peer-to-peer transfers of precious metals
VeraCash transfers are transfers of precious metals from one account to another. They follow the same principle as bank transfers, only better! Let us explain why.
How to send money between VeraCash users
While VeraCash offers you a card and an account backed by gold and silver, its use can even be extended to that of a currency, as VeraCash (VRC) is the unit of account of your portfolio of precious metals. As a result, it became clear that it should be possible to transfer that unit of account from one member to another.
An ideal solution for sending money abroad with no fees
Unlike bank transfers and remittance services, it is completely free to instantaneously send VeraCash. In just a few seconds, you can repay your neighbour or give your child some financial assistance on the other side of the planet. The fact that this is instantaneous and free makes our card the perfect instrument for securely sending money abroad.
Expand your VeraCash network through referrals
The VeraCash community is always growing, and our platform’s members can contribute to this through our referral programme, simply send some VRC to their email address, or else send them an invitation.