THELOGICALINDIAN - Online banknote exchange Onegold appear on Tuesday that itscustomers can now acquirement adored metals with bitcoin banknote BCH and bitcoin amount BTC Onegolds agenda argent and gold articles are absolutely allocated concrete metals stored at the Royal Canadian Mint and can be adored at any time through Apmex
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Onegold Now Accepts Cryptocurrencies
Cryptocurrency proponents can now acquirement agenda gold and argent banknote articles on the Onegold belvedere application BCH and BTC. Onegold is a blockchain-based belvedere that food adored metals and allows barter to redeem their agenda banknote backing at any time. The abstraction was created by the adored metals e-retailer Apmex and another asset administrator Sprott. Their contempo accommodation to abutment BCH and BTC is due to a affiliation with Bitpay which already has a above-mentioned accord with Apmex.
“Bitpay and Apmex acquire formed calm for years, authoritative it accessible for Apmex to acquire cryptocurrency — When they started Onegold, we were accessible to advice them acquire bitcoin and bitcoin banknote through Bitpay,” explained the arch bartering administrator at Bitpay, Sonny Singh.
Singh continued:
International Bullion Buyers Are Interested in Alternative Payment Methods
Ken Lewis, arch controlling administrator at Onegold, explained that acclaim agenda chargebacks were one of the big affidavit the aggregation chose to acquire BCH and BTC. Because the agenda assets act like banknote and are a “push transaction” system, users charge to pay for articles up front, authoritative acceptable artifice cases abundant harder to accomplish. Lewis additionally abundant that blockchain payments accommodate greater accountability and some all-embracing buyers are added apt to acquirement Onegold’s collateralized assets application cryptocurrencies.
“We ahead a ample cardinal of cryptocurrency buyers from all-embracing markets, area accepting acclaim cards is not consistently practical,” Lewis explained during the announcement. “In accession to allowance assure our own interests, abacus bitcoin and bitcoin banknote to the acquittal options for Onegold additionally increases our acquittal accuracy and efficiency.”
Onegold Believes Cryptographically Secured Metals Are Better Than Exchange-Traded Funds
Onegold believes that its agenda banknote is far above to gold-backed cardboard like exchange-traded funds (ETF), such as the gold assurance Comex and LBMA Gold. Both articles are agnate because they can be electronically traded, but Onegold is cryptographically anchored by a broadcast balance and has 100 percent concrete metal backing.
Onegold barter can redeem their stored assets with the bang of a button, and accept concrete metals alien to their aperture by Apmex. Quite a few gold and argent ETFs cannot be adored so bound and some cannot be traded for concrete assets at all, authoritative barter achieve for fiat. Onegold believes abacus the adeptness to acquirement agenda metals with cryptocurrencies was the company’s abutting analytic step.
What do you anticipate about Onegold abacus BCH and BTC abutment for agenda banknote purchases? Let us apperceive in the comments area below.
Images via Shutterstock, Onegold, and Pixabay.
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