Escaping Bail-ins. Can BitGold Become Bigger & Better than PayPal?

Darrell MacMullin, CEO of BitGold and former President of PayPal Canada, is the main guest on the radio program.

At a time when banks are preparing for bail-ins to shore up their balance sheets, reallocating savings as possible outside of the banking system may be prudent. BitGold has the potential to become “PayPal on steroids,” the steroid being gold. Its value, unlike fiat money, does not require healthy banks. Combined with modern technology BitGold leads to a less expensive payment system than PayPal.

With a PayPal-like technology in hand and using gold to reduce transaction costs, BitGold not only provides you with a legally safe option outside an increasingly dangerous banking system, but it has the potential to richly reward investors in BitGold’s parent, GoldMoney (T-XAU/USOTC-BTGDF). We will look to Darrell to explain BitGold’s many services for consumers as well as the company’s business prospects.

Chen Lin will also join us to update us on his favorite stocks in the bio-pharmaceutical space.

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Darrell MacMullin has driven successful new payment and commerce innovations for the past 15 years, including the launch and leadership of PayPal during its first eight years in Canada. He has worked closely both as an advisor and investor with entrepreneurs, developers and industry partners to accelerate the growth of new FinTech payments and commerce experiences. Darrell provided thought leadership and innovation expertise for the convergence of online, mobile and offline into one commercial stream with government, banks and new FinTech companies. Prior to PayPal Darrell was part of the successful launches and rapid growth of eBay and Chapters Indigo online into leading commerce players.

Chen Lin, had been a doctoral candidate in aeronautical engineering at Princeton. However, Chen found his investment strategies were so profitable that he put his Ph.D. on the back burner to devote full time to private investing and writing a newsletter titled “What is Chen Buying? What is Chen Selling?” Chen’s track record has been phenomenal! In one account we track in which he used no leverage, he was able to grow $5,411 starting in 2002 to over $2.2 million by the end of 2012.