If you are a person who likes to maintain your status and value high-quality luxury items, then here is a golden opportunity for you to own and use a payment card made from 18 karat- solid gold. Britain’s Royal Mint has introduced a payment card made from 18 karat- solid gold. You can buy this luxurious payment card for £18,750 ($23,460).
Britain’s Royal Mint, the government-owned company, responsible for producing coins for the U.K., has partnered up with Mastercard and Accomplish Financial a full-service provider of services for electronic payments to make this card.
The main benefit for the holder of this unique and luxury product will get is access to a premium account called Raris, which offers zero foreign exchange and transaction fees. In addition to this, the holder will be entitled to Mastercard benefit dedicated concierge services.
Demand for precious-metal cards has been growing in popularity, based on the recent receptions afforded high-end cards. Taken this into account Royal Mint has introduced the 18 karat gold card as the latest addition to the handful of existing premium metal cards which are offered by a few tech companies to their customers, such as the Fintech start-ups N26 and the Revolut both sell debit cards made out of stainless steel whilst Apple launched a titanium credit card earlier this year.
With the launch of this kind of product the 18-karat gold payment card, for the first time, Royal Mint is looking forward to listing it on a stock exchange, a gold-backed exchange-traded commodity (ETC), by early 2020. It’s going to be a great achievement as the ETC is expected to be listed on the U.K., Italian and German stock markets.
In a statement made on Friday by Anne Jessopp, CEO of the Royal Mint she said “The Royal Mint is constantly innovating, and as the UK’s leading precious metals solutions provider, we are hugely excited to launch the solid gold Raris card in acknowledgment of growing consumer demands for unique and luxury payments cards,”. Made from 18-karat gold, the Royal Mint says the card is targeted at people “who value high-quality luxury items that make a statement”.
“In association with Mastercard and Accomplish Financial, Raris – the first payment card manufactured by The Royal Mint – is a combination over 1,100 years of Royal Mint craftsmanship with tomorrow’s payment technology.”