Online Bullion Marketplace Onegold Sees $50 Million in Crypto Payments
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Online Bullion Marketplace Onegold Sees $50 Million in Crypto Payments

THELOGICALINDIAN - On January 13 the online banknote exchange Onegold appear the barrage of a new adaptable appliance so barter can buy advertise or redeem adored metals at any time Back 2024 Onegold has accustomed cryptocurrencies like BCH and BTC and the close currently gives barter a 2 abatement for advantageous with cryptocurrencies According to Bitpay Onegold has apparent 50 actor account of crypto payments back acknowledging agenda assets which represents 10 of the firms annual revenue

Also Read: Close to 11 Million BTC Haven’t Moved in Over a Year

Onegold Sees $50 Million in Crypto Payments Since December 2024

In December 2018, news.Bitcoin.com reported on the Apmex and Sprott endemic online banknote exchange Onegold accepting cryptocurrencies via Bitpay. At the time, Bitpay’s arch bartering administrator Sonny Singh said that Bitpay and Apmex acquire formed calm for years and back they launched Onegold, the Atlanta close was “ready to advice them acquire bitcoin and bitcoin cash.” Since then, Bitpay claims cryptocurrencies acquire represented 10% of the firm’s online acquirement and Onegold has candy $50 actor in agenda bill transactions.

Essentially, Onegold provides a account area users can armamentarium their accounts to acquirement gold and silver, as affairs are apart absolute and the aggregation uses top-tier aggressive partners. For instance, the aggregation claims its agenda argent and gold articles are absolutely allocated and concrete metals are kept safe at the Royal Canadian Mint. Onegold audience can redeem their agenda argent and gold articles at any time through Apmex. The gold or argent credits from Onegold can be exchanged for concrete coins, confined or rounds.

At the time of publication, Onegold additionally offers 2% off orders if bodies pay with cryptocurrencies via Bitpay. Since it uses the acquittal processor, Onegold supports BCH, BTC, ETH, and the assorted stablecoins Bitpay accepts. Additionally, on January 13, Onegold announced the barrage of a new appliance that will accomplish it easier to buy, sell, and redeem adored metals. According to the announcement, the new belvedere is accessible for Android and iOS adaptable accessories and the exchange is accessible 24/7. “This adaptable app will added accredit our mission to ensure abundance canning is calmly accessible to anybody at the everyman accessible absolute amount of buying accessible on the bazaar today,” explained Ken Lewis, Chief Executive Officer at Onegold on Monday.

Dollar-Cost Average the Price of Gold and Silver Over Time

Precious metals markets accept apparent added action in 2019 and on January 8, 2020 gold prices surged accomplished the $1,600 per ounce mark afterwards Iran allegedly accursed rockets at U.S. active Iraqi bases. One Troy ounce of .999 adored gold affected $1,605.80 on all-around atom markets that day. So far, adored metals and agenda assets accept apparent cogent assets afterwards the domino aftereffect of war amateur amid American armament and Iranians.

Onegold isn’t the alone online operation that sells adored metals (PMs) for cryptocurrencies as there’s a array of crypto-accepting providers. News.Bitcoin.com’s Kai Sedgwick afresh reported on how to use cryptocurrencies in adjustment to advance in gold. For instance, the able-bodied accepted gold bug Peter Schiff generally tweets about how abundant he dislikes bitcoin but Schiffgold.com accepts BCH and BTC for PM purchases.

The address additionally discusses platforms like Kinesis, Currency.com, and the agenda bill Digix gold badge (DGT). People can additionally advantage companies like Goldsilver, Suisse Gold, Silvergoldbull, Apmex, JM Bullion, Roberts & Roberts, Bitgild, Vaultoro, Goldmoney, SDBullion.com, and Money Metals to acquirement PMs with cryptos. Onegold’s advertisement claims the new appliance appearance cellophane appraisement “with no hidden fees.”

The Apmex endemic accessory believes the adaptable appliance will accomplish it easier for PM investors to dollar-cost boilerplate their safe-haven assets. “Onegold is an ideal ability for bodies who would like to irenic save weekly, account or annual and dollar-cost boilerplate the amount of gold and argent over time,” the company’s advertisement emphasizes. Onegold stresses that with the adaptable app, barter can booty control of the concrete banknote at any time as Apmex will bear the articles application antecedence mail.

What do you anticipate about Onegold’s new appliance for iOS and Android smartphones? What do you anticipate about the $50 actor the aggregation raked in from cryptocurrency payments? Let us apperceive what you anticipate about this affair in the comments area below.

Disclaimer: Bitcoin.com does not endorse or abutment claims fabricated by any parties in this article. None of the admonition in this commodity is advised as advance advice, as an action or address of an action to buy or sell, or as a recommendation, endorsement, or advocacy of any products, services, or companies. Neither Bitcoin.com nor the columnist is responsible, anon or indirectly, for any accident or accident acquired or declared to be acquired by or in affiliation with the use of or assurance on any content, appurtenances or casework mentioned in this article.

Image credits via Shutterstock, Wiki Commons, Fair Use, Onegold.com, the Apple App Store, and Pixabay.

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