On-line Bullion Market Onegold Sees $50 Million in Crypto Funds

On-line Bullion Market Onegold Sees $50 Million in Crypto Funds

Bitcoin
January 13, 2020 by Bitcoin Report
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On January 13, the net bullion market Onegold introduced the launch of a brand new cellular utility so clients should purchase, promote or redeem treasured metals at any time. Since 2018, Onegold has accepted cryptocurrencies like BCH and BTC and the agency at present provides clients a 2% low cost for paying with cryptocurrencies. In
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Online Bullion Marketplace Onegold Sees $50 Million in Crypto Payments

On January 13, the net bullion market Onegold introduced the launch of a brand new cellular utility so clients should purchase, promote or redeem treasured metals at any time. Since 2018, Onegold has accepted cryptocurrencies like BCH and BTC and the agency at present provides clients a 2% low cost for paying with cryptocurrencies. In line with Bitpay, Onegold has seen $50 million value of crypto funds since supporting digital belongings, which represents 10% of the agency’s yearly income.

Additionally Learn: Near 11 Million BTC Haven’t Moved in Over a 12 months

Onegold Sees $50 Million in Crypto Funds Since December 2018

In December 2018, information.Bitcoin.com reported on the Apmex and Sprott owned on-line bullion market Onegold accepting cryptocurrencies through Bitpay. On the time, Bitpay’s chief industrial officer Sonny Singh mentioned that Bitpay and Apmex have labored collectively for years and after they launched Onegold, the Atlanta agency was “prepared to assist them settle for bitcoin and bitcoin money.” Since then, Bitpay claims cryptocurrencies have represented 10% of the agency’s on-line income and Onegold has processed $50 million in digital forex transactions.

Primarily, Onegold offers a service the place customers can fund their accounts to buy gold and silver, as transactions are independently verified and the corporate makes use of top-tier vaulting companions. As an illustration, the corporate claims its digital silver and gold merchandise are absolutely allotted and bodily metals are saved protected on the Royal Canadian Mint. Onegold purchasers can redeem their digital silver and gold merchandise at any time by Apmex. The gold or silver credit from Onegold might be exchanged for bodily cash, bars or rounds.

Online Bullion Marketplace Onegold Sees $50 Million in Crypto Payments
On the time of writing, Onegold is providing 2% off orders for treasured metals purchases through Bitpay.

On the time of publication, Onegold additionally presents 2% off orders if individuals pay with cryptocurrencies through Bitpay. Because it makes use of the cost processor, Onegold helps BCH, BTC, ETH, and the assorted stablecoins Bitpay accepts. Moreover, on January 13, Onegold introduced the launch of a brand new utility that can make it simpler to purchase, promote, and redeem treasured metals. In line with the announcement, the brand new platform is on the market for Android and iOS cellular units and {the marketplace} is open 24/7. “This cellular app will additional allow our mission to make sure wealth preservation is conveniently out there to everybody on the lowest attainable complete price of possession out there available on the market at the moment,” defined Ken Lewis, Chief Government Officer at Onegold on Monday.

Greenback-Value Common the Value of Gold and Silver Over Time

Treasured metals markets have seen elevated exercise in 2019 and on January 8, 2020 gold costs surged previous the $1,600 per ounce mark after Iran allegedly fired rockets at U.S. occupied Iraqi bases. One Troy ounce of .999 treasured gold touched $1,605.80 on international spot markets that day. Thus far, treasured metals and digital belongings have seen vital positive aspects after the domino impact of warfare video games between American forces and Iranians.

Online Bullion Marketplace Onegold Sees $50 Million in Crypto Payments
By way of Bitpay, Onegold accepts BCH, BTC, ETH, and three stablecoins.

Onegold isn’t the one on-line operation that sells treasured metals (PMs) for cryptocurrencies as there’s quite a lot of crypto-accepting suppliers. Information.Bitcoin.com’s Kai Sedgwick just lately reported on the way to use cryptocurrencies so as to put money into gold. As an illustration, the well-known gold bug Peter Schiff typically tweets about how a lot he dislikes bitcoin however Schiffgold.com accepts BCH and BTC for PM purchases.

Online Bullion Marketplace Onegold Sees $50 Million in Crypto Payments
Onegold launched its iOS and Android appropriate cellular utility on Monday, January 13, 2020.

The report additionally discusses platforms like Kinesis, Foreign money.com, and the digital forex Digix gold token (DGT). Folks may also leverage firms like Goldsilver, Suisse Gold, Silvergoldbull, Apmex, JM Bullion, Roberts & Roberts, Bitgild, Vaultoro, Goldmoney, SDBullion.com, and Cash Metals to buy PMs with cryptos. Onegold’s announcement claims the brand new utility options clear pricing “with no hidden charges.”

The Apmex owned subsidiary believes the cellular utility will make it simpler for PM buyers to dollar-cost common their safe-haven belongings. “Onegold is a perfect useful resource for individuals who wish to passively save weekly, month-to-month or quarterly and dollar-cost common the value of gold and silver over time,” the corporate’s announcement emphasizes. Onegold stresses that with the cellular app, clients can take possession of the bodily bullion at any time as Apmex will ship the merchandise utilizing precedence mail.

What do you concentrate on Onegold’s new utility for iOS and Android smartphones? What do you concentrate on the $50 million the corporate raked in from cryptocurrency funds? Tell us what you concentrate on this subject within the feedback part under.

Disclaimer: Bitcoin.com doesn’t endorse or help claims made by any events on this article. Not one of the data on this article is meant as funding recommendation, as a suggestion or solicitation of a suggestion to purchase or promote, or as a suggestion, endorsement, or sponsorship of any merchandise, providers, or firms. Neither Bitcoin.com nor the writer is accountable, instantly or not directly, for any injury or loss triggered or alleged to be attributable to or in reference to the usage of or reliance on any content material, items or providers talked about on this article.


Picture credit through Shutterstock, Wiki Commons, Honest Use, Onegold.com, the Apple App Retailer, and Pixabay.


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Tags on this story
2 % off, Apmex, Apmex sellers, BCH, bitcoin money, BitPay, BTC, Bullion, Bullion Sellers, Cryptocurrencies, Funds, gold, Ken Lewis, LBMA Gold, Onegold, Onegold.com, PMS, Treasured Metals, Royal Canadian Mint, silver, Sonny Singh, Storage, vault, vaulting, Wealth preservation
Jamie Redman

Jamie Redman is a monetary tech journalist dwelling in Florida. Redman has been an energetic member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open supply code, and decentralized functions. Redman has written hundreds of articles for information.Bitcoin.com in regards to the disruptive protocols rising at the moment.





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