Founded in 2015 by Jean-François Faure, the creator of AuCOFFRE.com, VeraCash SAS is a French company aiming to make physical gold and precious metals a liquid and spendable asset for everyday transactions. The service allows customers to convert fiat currency into grams of gold or silver, which are physically stored in secure vaults in Switzerland. Users can then spend the value of their holdings anywhere Mastercard is accepted using their VeraCash payment card, transfer value to other users peer-to-peer, or sell their holdings back for fiat currency. The company's mission is to provide an alternative store of value that is disconnected from the traditional banking system but remains as practical as a standard bank account.

Founded in

France