BitPay Users Can Now Buy Gold Using Cryptocurrencies

Suzat

January 13, 2020 9:41 pm

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OneGold, an online platform for buying, selling and redeeming gold has announced its partnership with BitPay. The announcement states that BitPay will allow crypto users to purchase gold and other valuable metals on Android and iOS devices. 

BitPay is one of the leading Bitcoin payment service providers that currently supports over 30,000 merchants, including Microsoft and Avnet. OneGold’s new mobile app will accept payments in Bitcoin, Bitcoin Cash, Ether, and various stablecoins. BitPay customers will save 2% when using the service on OneGold.com. 

Kenneth, OneGold CEO Lewis told that the partnership will make wealth preservation available to everyone at the lowest cost of ownership available on the market.

The CEO added:

“Cryptocurrency holders are a natural fit as precious metals investors and can utilize OneGold to balance their investment portfolio. Using BitPay, cryptocurrency holders can quickly buy gold or silver at institutional pricing, save 2%, and create a nice balanced mix of gold, silver, and cryptocurrencies.”

In September 2019, BitPay announced that it is adding Ethereum support to the platform. Vitalik Buterin, ethereum co-founder and creator said it was exciting to see BitPay “leading the way in integrating ethereum into global payment systems.” The company also revealed that it often reviews potential cryptocurrencies for addition.

Mr. Buterin said:

“This truly opens up a new world of possibilities for the Ethereum ecosystem, and together we can continue to be a leading innovator for real-world use cases for cryptocurrencies.”

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