About Veracash

Veracash was created by an entrepreneur who sees gold as a precautionary savings tool, as a modern, viable alternative to classic currencies and as an instrument of freedom and protection against a loss of buying power. Jean-François Faure, the founder of Veracash, wants to make precious metals as accessible as possible and to develop a durable gold-backed currency based on strong values. The Veracash payment card was the first step in this gold payment revolution. Shortly after the company was created in 2015, a function was launched to enable the sending of grammes of gold, so providing a peer-to-peer means of exchange separate from the banking world, with the goal of facilitating payments between private individuals. In 2017, VeraCash included professionals in its ecosystem with the aim of offering a network of services and merchants via short, ethical channels.

The name ‘Veracash’ is a combination of the Latin ‘vera’—which means ‘true’—and ‘cash’. ‘Vera’ is a symbol shared by several of our brands, including ‘VeraValor’ (gold coins minted by our group). ‘Vera’ is a clear affirmation of our ethical commitment to a sustainable economy, short consumer channels and environmental protection. In short, Veracash is ‘true money’.

In order to offer secure, compliant services to our members, Veracash collaborates with a number of financial authorities, such as the Autorité de Contrôle Prudentiel et de Résolution (ACPR), the Financial Conduct Authority (FCA) and French Customs.