A Fully Gold Backed
Digital Currency
The ORRO is a digital representation of 0.01 grams of physical gold. Each ORRO is created only when the physical gold is independently verified and securely stored in vaults. Gold supply will be secured from company-owned mining operations.
A Fully Gold Backed
Digital Currency
The ORRO is a digital representation of 0.01 grams of physical gold.. Each ORRO is created only when the physical gold is independently verified and securely stored in vaults. Gold supply will be secured from company-owned mining operations.
A Zero Fee Payment Alternative
Unlike all other payment network and debit card providers, using the ORRO incurs no transaction or card fees. It’s a cheaper and easier way to pay bills, purchase goods and transfer wealth.
The FreePay Debit Card
FreePay is launching the FreePay Debit Card. The debit card will allow ORRO holders access to cash from ATMs and can be used for bill payments where debit cards are accepted as a payment mechanism.
Global Accessibility
FreePay is creating a network of banking and vendor partners to ensure that the ORRO is globally accessible. FreePay account holders can top up their accounts and use their ORRO as a secure and convenient way to transact value regardless of where they are. Sovereign taxes and charges can be conveniently levied electronically for each transaction at the point of sale.
A Stable Store of Wealth
The ORRO is an accessible and cheaper way of storing wealth. Being a digital representation of ownership of gold, the ORRO allows account holders to bypass currency inflation. History demonstrates that storing wealth in gold is a more stable alternative to storing wealth in cash deposits.
A Secure, High Performance Payment Network Using Blockchain
FreePay has partnered with Crowd Machine to utilize the high performance payment network inbuilt to their Crowd Computer technology. The payment network will also make use of a blockchain to ensure that a secure record of ORRO ownership is maintained.