Lionsgold (LON: LION) Chief Executive Officer, Cameron Parry.
Cameron Parry, CEO of Lionsgold speaks to Share talk about the Proposed Investment Securing Goldbloc Banking Platform. How he see's the companies future short mid-term, what debit card LION has agreed to use.
He comments on a future listing for the company on a new stock exchange, answers shareholders questions.
This is a personal interview, Cameron explains why he and his fellow directors invested personal family monies £300,000 alongside Lionsgold plans to invest £1.25 million from existing funds in Railsbank for a 12.5% equity stake.
Subject to Lionsgold choosing to proceed, Lionsgold (or its subsidiary nominee) to have exclusive access to Railsbank's banking platform in relation to deposits connected with physical gold or gold derivatives, for a period of three years. This is an exclusive deal with LION that will them a competitive stance over other rivals.
Railsbank is a banking and compliance platform which connects a global network of partner banks with companies who want API (Application Programmer Interface) access to global banking.
Railsbank simplifies on-boarding companies to its banking partners, then gives access via the Railsbank API to banking services such as creating digital ledgers, connecting digital ledgers to real bank accounts, issuing IBANs for ledgers, receiving money, sending money, converting money (FX), collecting money (direct debit), issuing cards, and managing credit.