Puregold has launched PG Pay, a mobile app which allows you to buy/sell physical gold at competitive rates and use your gold as a means of payment when purchasing goods and services. State of the art security and storage provided at no charge by their trusted third-party partner, Loomis International, will also give you the peace of mind you need when looking to secure your gold.

An all in one solution to buy, sell, store and spend your gold, all in the palm of your hand.

As a crypto exchange, giving you a fiat on/off ramp has been very important to us. This partnership gives you one more option to do so.

Using the PG-Pay app, you can buy gold directly with your credit card, and transfer it as SGD into COSS. Naturally, a withdrawal will also be possible from COSS to PG-Pay app.

We view this as a first step towards implementing SGD deposits/withdrawal from our exchange, and we are excited that Puregold is partnering with us with this app.

We are also keeping it under wraps for now, but we are in some interesting talks right now that will help close the gap between fiat and crypto; stay tuned for more updates!

Do note that signing an MOU is only the first step in any process. Then the teams need to come together, work out the flow, integrate, test and deploy. We will duly announce once the solution is ready to go live. This also goes for other MOU’s signed (or to be signed).