Onegold from APMEX now accepts Bitcoin and Cryptocurrency payments Powered by BitPay

Onegold is an online precious metals trading platform where investors buy precious metals like gold and silver. In addition, Onegold acts as an asset manager for investors to manage their properties. The platform was founded by APMEX and Sprott for the above uses. Onegold's physical activities are securely stored at the Canadian Royal Mint through which they are repaid by APMEX in the event that a trade occurs or is executed.

Very recently, the firm has completely embraced Bitcoin and Bitcoin Cash as a form of payment from investors to the purchase of precious metals from Onegold. Every investor who has purchased gold and silver using Bitcoin and Bitcoin Cash has been pre-arranged for a 4% discount on the total value of the goods sold. The exchange of precious metals with Bitcoin was made possible by the relationship with BitPay, which is an online platform with leading experience that allows Bitcoin and Bitcoin cash payments (they have raised over $ 70 million from investors) across wide borders and is also useful as digital asset manager for their investors via BitPay Online Wallet. The recent acceptance of cryptocurrency as a form of payment by Onegold has been made easy / possible due to a partnership existing between BitPay and APMEX which provided the basis on which the aforementioned was performed.

Onegold's CEO, Ken Lewis, underlined the reasons why they decided to adopt Bitcoin as a form of payment because the use of credit cards had a couple of problems. Some of these problems included exposure to fraudulent activity, which is a cost that should be incurred by Onegold after they have made a sale but the payment becomes void. Credit cards also have a lot of costs and charges that would be incurred and would be disadvantageous for the company. On the other hand, Bitcoin and Bitcoin Cash are useful because they are prone to all the aforementioned problems. As a result, the use of cryptocurrency increases Onegold's plausible market as it can deal with investors around the world and allows Onegold's openness and transparency.

BitPay works in such a way that BitPay usually has a prepaid BitPay credit card that is powered by Metropolitan Commercial Bank which also allows you to transform digital assets into dollars. Onegold believes that their use in the use of digital backed metal gives them a greater advantage than their counterparts using paper resources.