For now there is no interest rate available on Angu grain accounts. However this option is planned to be introduced as soon as possible, (with a view to benefitting both Angu clients and the Zimbabwe economy)

We will be engaging with Zimbabwe-based financial institutions to make these available as soon as possible.

Angu charges a fee of 1% to both 'Top-Up' and to redeem. Other redeem/top-up costs are charged by our suppliers (PayPal, payment card operator etc).

The grain is a measure of mass in the imperial system calculated as 1/480 of a troy ounce (which is the headline mass used for the global gold price). Angu uses it as it seems the perfect size for a currency unit. The grain has also been used in monetary gold for many years. For example the 1900 Gold Standard Act in the USA defined the dollar to be "...consisting of twenty-five and eight-tenths grains of gold nine-tenths fine..."

No, Angu does not use blockchain and grains are not a crytocurrency. It is a regular centralised ledger that keeps track of precisely how much gold you have.

Yes, gold grains are better than the USD! USD is a derivative of gold (gold makes up 78.7% of the USA's official foreign exchange reserves). Base USD money supply has risen 16% annually in the last 12 years (that's cumulatively increase of 600%!), whereas gold increase is constantly between 1-2% (so 21% over the same period by comparison).

The gold grain of course! Using pure gold means countries reclaim their sovereignty from the main reserve currency powers (the USA, the EU, the UK, Japan & China) who presently control the global financial system (using a regular national currency isn't good enough as it's simply a local token for the big currencies). The money printing of the USA, EU and UK etc essentially takes money away from everyone in the world, including you! However holding gold protects you from this, so as prices rise in USD terms (like for fuel), in gold grain terms the price will be either stable or actually dropping! Angu will ultimately offer borrowing and lending too so that companies can obtain loans at an affordable rate

"Gold is money, everything else is debt." Once humans discovered gold they've used it as money ever since. Its headline tangible use in jewellry demonstrates its inherent luxurious nature, but coupled with its simplicity (it's an element not a compound - let alone a human produced compound like fuel), indestructibility and fungibility makes it perfect as money. Indeed it is still the core money in the world (despite claims to the contrary). Angu is therefore not reinventing the wheel, we're simply giving easy access to God's money.

This is planned to be integrated into the app shortly

If you open a Payoneer account you will be given an international MasterCard. You can redeem your grains to this Payoneer account and then pay your DSTv.

Use the Western Union redemption option, or sell the grains for cash with someone nearby. Use AfricaDelivers.com to find an agent

Export revenue is subject to strict local exchange controls. Please check your local regulations.

PayPal sadly refuses to open full-use accounts to people in certain countries (like Zimbabwe). Therefore we recommend either using Payoneer instead or find a friend abroad who can help.

The gold is held in vaults in Switzerland operated by headline security firms Brinks and Loomis under the auspices of Bullionvault.com, a British company partly owned by the World Gold Council.

The grains are vouchers of a UK company (backed by a commodity, not 'money'), so do not come under most existing legislation - meaning you can transact with them without restriction. Gold is also not a regulated asset under the UK's financial servcies legislation and instead come under UK property law. See our T&Cs for more details.

If the Angu business ceases to be viable the foreign exchange value of the gold will be returned to clients as quickly as possible. Clients' though are fully subject to gold price risk.

Angu will never give any government access to the gold of our clients. If, however, an individual client has been found to have purchased grains with illicit funds then Angu will work with the local authorities to ensure the funds are returned to their rightful owners

Grains always remain safe, however the smooth redemption of grains could be damaged if local circumstances deteriorate. If this occurs Angu will do its best to find alternatives as quickly as possible

Any legitimate national tax authority is welcome to open an Angu account and receive taxes on the platform.

Grain accounts are backed 100% by gold so if the gold price goes down (relative to USD, ZAR etc) then clients will lose out, however when the gold price rises then clients win (and we are 100% sure that over time clients will win vis-à-vis other national currencies such as the USD, GBP, EUR, ZAR etc).

Angu does not provide a direct service. However please feel free to identify a bullion provider who can legitimately deliver to you and then contact us and we will arrange it for you (subject to KYC procedures, fees and your grain balance).

Merchant accounts are available. Please open one on the website or app.

Yes, you can. Also merchant account holders can set-up printable QR codes that automatically send an SMS to a number of their choice (for the cashier to confirm the transaction). We will be launching an API integration soon for accounting systems.

There is a limit of $500 to purchasing grains via credit/debit card. Otherwise the only limit is your grain balance!.

Send money to our email address on PayPal. The fees calculated on the app are designed to guide you as to how much it costs, they are not definitive. We will simply credit your wallet with whatever we receive (minus our fee). Commensurately, when you redeem to PayPal, we will send you what you redeem and sadly PayPal will remove their fee along the way.

Open a Payoneer account and simply send the money to your email address (make sure you use the same email address for Payoneer and Angu). When redeeming though, if you have a full Payoneer account that includes UK bank details, please use these bank details to redeem using the Bank Transfer option. It's cheaper for you and easier for us! Please note that you can obtain a MasterCard with your Payoneer account (even in Zimbabwe) so that you can use it around the world and online.

In addition to buying from a local seller you can use PayPal, Payoneer, bank transfer or an international visa/mastercard to directly top-up your account from Angu. You can redeem grains to your PayPal, Payoneer, bank account or for a Western Union USD cash pick-up.