Online Bullion Marketplace Onegold Sees $50 Million in Crypto Payments

By January 13, 2020 No Comments
Online Bullion Marketplace Onegold Sees $50 Million in Crypto Payments

On January 13, the web bullion market Onegold introduced the release of a brand new cellular software so shoppers should purchase, promote or redeem treasured metals at any time. Since 2018, Onegold has accredited cryptocurrencies like BCH and BTC and the company these days offers shoppers a 2% cut price for paying with cryptocurrencies. Consistent with Bitpay, Onegold has noticed $50 million price of crypto bills since supporting virtual property, which represents 10% of the company’s once a year income.

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Onegold Sees $50 Million in Crypto Bills Since December 2018

In December 2018, reported at the Apmex and Sprott owned on-line bullion market Onegold accepting cryptocurrencies by means of Bitpay. On the time, Bitpay’s leader industrial officer Sonny Singh mentioned that Bitpay and Apmex have labored in combination for years and once they introduced Onegold, the Atlanta company was once “able to lend a hand them settle for bitcoin and bitcoin money.” Since then, Bitpay claims cryptocurrencies have represented 10% of the company’s on-line income and Onegold has processed $50 million in virtual foreign money transactions.

Necessarily, Onegold supplies a carrier 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. For example, the corporate claims its virtual silver and gold merchandise are absolutely allotted and bodily metals are stored secure on the Royal Canadian Mint. Onegold shoppers can redeem their virtual silver and gold merchandise at any time via Apmex. The gold or silver credit from Onegold may also 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 by means of Bitpay.

On the time of newsletter, Onegold additionally provides 2% off orders if folks pay with cryptocurrencies by means of Bitpay. Because it makes use of the cost processor, Onegold helps BCH, BTC, ETH, and the more than a few stablecoins Bitpay accepts. Moreover, on January 13, Onegold introduced the release of a brand new software that may make it more uncomplicated to shop for, promote, and redeem treasured metals. Consistent with the announcement, the brand new platform is to be had for Android and iOS cellular units and {the marketplace} is open 24/7. “This cellular app will additional permit our project to make sure wealth preservation is with ease to be had to everybody on the lowest conceivable overall charge of possession to be had available on the market lately,” defined Ken Lewis, Leader Govt Officer at Onegold on Monday.

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

Valuable metals markets have noticed higher process in 2019 and on January 8, 2020 gold costs surged previous the $1,600 according to 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 world spot markets that day. Thus far, treasured metals and virtual property have noticed vital positive aspects after the domino impact of battle video games between American forces and Iranians.

Online Bullion Marketplace Onegold Sees $50 Million in Crypto Payments
Thru Bitpay, Onegold accepts BCH, BTC, ETH, and 3 stablecoins.

Onegold isn’t the one on-line operation that sells treasured metals (PMs) for cryptocurrencies as there’s plenty of crypto-accepting suppliers.’s Kai Sedgwick lately reported on learn how to use cryptocurrencies as a way to spend money on gold. For example, the well-known gold worm Peter Schiff steadily tweets about how a lot he dislikes bitcoin however accepts BCH and BTC for PM purchases.

Online Bullion Marketplace Onegold Sees $50 Million in Crypto Payments
Onegold introduced its iOS and Android suitable cellular software on Monday, January 13, 2020.

The file additionally discusses platforms like Kinesis,, and the virtual foreign money Digix gold token (DGT). Other folks too can leverage corporations like Goldsilver, Suisse Gold, Silvergoldbull, Apmex, JM Bullion, Roberts & Roberts, Bitgild, Vaultoro, Goldmoney,, and Cash Metals to buy PMs with cryptos. Onegold’s announcement claims the brand new software options clear pricing “with out a hidden charges.”

The Apmex owned subsidiary believes the cellular software will make it more uncomplicated for PM buyers to dollar-cost moderate their safe-haven property. “Onegold is a perfect useful resource for individuals who want to passively save weekly, per thirty days or quarterly and dollar-cost moderate the cost of gold and silver over the years,” the corporate’s announcement emphasizes. Onegold stresses that with the cellular app, shoppers can take ownership of the bodily bullion at any time as Apmex will ship the goods the use of precedence mail.

What do you take into consideration Onegold’s new software for iOS and Android smartphones? What do you take into consideration the $50 million the corporate raked in from cryptocurrency bills? Tell us what you take into consideration this subject within the feedback phase beneath.

Disclaimer: does no longer endorse or reinforce claims made through any events on this article. Not one of the data on this article is meant as funding recommendation, as an be offering or solicitation of an be offering to shop for or promote, or as a advice, endorsement, or sponsorship of any merchandise, products and services, or corporations. Neither nor the writer is accountable, at once or not directly, for any harm or loss brought about or imagined to be brought about through or in reference to the usage of or reliance on any content material, items or products and services discussed on this article.

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