Not a lot, and there's a specific reason for that. Our operating system isn't really very friendly from a company point of view, and this is actually something we're working on over the balance of this year and next year.

For example, companies want access with dual passwords, and we do not have that capability. We have been operating for seven years, and we have focused primarily on the retail market rather than the corporate market.

The reason is that the retail market opportunities made more sense in trying to build GoldMoney from scratch the way we have.

We're now storing about $350 million in gold, silver, and recently we have added currency too, because people can put money into segregated funds accounts at our banks in Jersey and earn interest on their money until they're ready to buy gold and silver.

What we are going to do later this year and next year is what I call corporate enhancements. What this means is we're going to make GoldMoney more friendly to corporate chief financial officers.

It will be more bank-like in that we will have A & B signatures, and dual passwords and those types of things that will make it easier for a corporation to fit it into their treasury function.

Once we have done this additional software development, we will then be talking to gold mining companies about using GoldMoney as a way of paying suppliers, i.e. paying their contractors in gold, rather than by going the expensive way by paying with bank wire transfers.

Recently one of our customers wrote to me and said they had done a wire transfer that ended up costing $55 to do the transaction, which is pretty outrageous. In GoldMoney you can click gold from your account to someone else's account, and a maximum it will cost you is $2.50 at current exchange rates.

And it's efficient; you can make a goldgram payment 24/7, and payments are completed outside the banking system.

So, the idea is once we have these corporate enhancements in place, we're going to begin actively marketing GoldMoney among the mining companies, and then eventually among the natural resource companies of all sorts.

Well, James, this is all very interesting to say the least, and this has been very insightful, and I appreciate your giving us the time.

Thank you, and if your readers would like more information, I suggest they visit GoldMoney.com.

Courtesy: www.theaureport.com

Image: An Indian saleswomen displays jewellery at a shop in New Delhi. | Photograph: Manpreet Romana/AFP/Getty Images