Bullion bulls: This app turns gold into a digital currency

Chances are you’re not lugging a heavy, gold brick into a coffee shop to buy your daily cup of joe. But one financial technology company based in London is making it possible to satisfy your caffeine fix, or purchase countless other goods, by using the yellow metal in digital form.

Glint runs a free-to-download mobile app of the same name. The app allows users to buy fractions of a physical bar of gold digitally, then use that gold to electronically buy items using an accompanying, multicurrency Mastercard Inc. MA, -0.89% debit card.

“We’re reintroducing gold as money,” said Ben Davies, Glint’s co-founder and chief operating officer, who, with Glint’s co-founder and Chief Executive Jason Cozens, demonstrated their marriage of old and new — gold and tech — at MarketWatch’s London office.

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