BitPay Integration Lets Users Buy Gold With Cryptocurrency
Cointelegraph By Rachel Wolfson's original article for cointelegraph.com reduced by 75%
OneGold, an online marketplace for buying, selling and redeeming precious metals, announced a partnership with BitPay on Jan. 13 that will allow crypto users to purchase gold and other valuable metals on Android and iOS devices. "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." Token holders reportedly own the gold it represents, but the tokens can be moved like any other ERC-20 assets, which Paxos notes is simpler than shipping gold.
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