Tally uses the latest innovations in financial technology to create an independent monetary platform and hard-asset currency that sits outside of the existing banking infrastructure, while seamlessly operating with it.
Tally is the name of the platform and also the name of the currency. 1 Tally = 1 milligram of vaulted gold. Using gold as the 100% physical reserve means the customer’s wealth is protected from inflation and systemic bank risks associated with the fiat currency-based fractional reserve banking model, while offering the familiar usability of a personal bank account and contactless debit card.
For the first time, Tally gives consumers a choice of a banking account with a currency that is independent, insulated and innovative — giving ultimate control and certainty of the money back into the hands of the consumer.