Record-Breaking October: 238 New Merchants, $8.81 Exchange Rate

October was a huge month for Goldbacks and the GILD (Goldback Interchange & Local Development) program. We saw record merchant growth, rising exchange rates, and more global adoption. It’s clear that many more people and businesses are choosing to use spendable gold as part of everyday life!

How Many Businesses Accept Goldbacks Now?

In October, 238 new businesses signed up to accept Goldbacks as payment, the highest number we’ve had in a single month. This brought the total number of featured merchants to 3,144 at the end of October.

Where Are Goldbacks Accepted?

Growth is happening everywhere! Adoption is expanding across the country and internationally. Forty-one states saw new merchant signups in October, and 53 of the new businesses were located outside the U.S. 

As businesses around the world jump on board, Goldbacks are becoming easier to use, wherever you are. Explore our merchant map to see businesses near you!

Goldback Exchange Rate Record High

Gold prices climbed above $4,000 per ounce in October, pushing the Goldback exchange rate to a record high of $8.81. This shows growing demand and confidence in gold-backed currency.

More People Join the GILD Program

Community involvement is also on the rise! The GILD program has reached 403 members who help educate local communities and bring on new participating businesses. 

In October, we hosted two GILD events in Missouri, with more than 250 people attending to learn about using Goldbacks in everyday life. These on-the-ground efforts play a major role in expanding real-world circulation.

Want to get involved? 

Conclusion

October really showed the momentum behind Goldbacks. More merchants. More education. More real-world use. The Goldback ecosystem is growing quickly! We’re excited to see where November takes us.