OneGold, a blockchain trading platform for buying, selling and redeeming precious metals, has announced a partnership with BitPay that will allow customers to buy gold and other valuable metals with cryptocurrencies.
Thanks to integration with BitPay, which currently supports 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 customers will be able to save 2% when using The service OneGold.com.
OneGold CEO Kenneth Lewis said that this partnership will make the purchase of precious metals affordable for everyone at the lowest cost of ownership on the market:
“Cryptocurrency owners become good investors in precious metals 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 mix of gold, silver, and cryptocurrencies in their portfolio.”
The precious metal and cryptocurrency industries are increasingly overlapping. At the end of December, Turkish Takasbank launched a blockchain system for buying tokenized gold, and in October, the British b2c2 platform launched gold derivatives with a settlement in bitcoin. In addition, last September, Paxos launched the gold-linked stablecoin Pax Gold (PAXG).