OneGold Precious Metals Trading Platform Starts Accepting Cryptocurrencies

Blockchain trading platform for buying, selling and redeeming precious metals OneGold announced a partnershipwith BitPay, which will allow customers to buy gold and other valuable metals for cryptocurrencies.

Thanks to integration with BitPay, whichCurrently supporting cryptocurrency payments for 30,000 merchants including Microsoft and Avnet, the new OneGold mobile app will accept payments in BTC, BCH, ETH and various stablecoins. In addition, BitPay clients will be able to save 2% when using the OneGold.com service.

OneGold CEO Kenneth Lewis said this partnership will make purchasing precious metals affordable for everyone at the lowest cost of ownership in the market:

“Cryptocurrency owners are getting goodprecious metals investors and can use OneGold to balance their investment portfolio. Using BitPay, cryptocurrency owners can quickly buy gold or silver at an institutional price, save 2% and create a good balanced combination of gold, silver and cryptocurrencies in their portfolio. ”

Precious metals and cryptocurrencies industries allintersect more often. At the end of December, Turkey's Takasbank launched a blockchain system for purchasing tokenized gold, and in October, the UK B2C2 platform launched gold derivatives settled in Bitcoin. Additionally, Paxos launched the gold-pegged stablecoin Pax Gold (PAXG) last September.

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