Friday, December 8, 2017

Largest online gold seller now accepting Bitcoin for payment, but still pricing bullion in dollars

Apmex is considered to be the world's largest online gold seller, and it has been surprising that they took this long to open up their payment systems to accept Bitcoin.  But now it has finally happened as on Dec. 7, the online metal retailer jumped onto the cryptocurrency bandwagon.

For more than 15 years, APMEX has been an industry leader and along the way has adapted to the growing needs of our customer base. As bitcoin becomes more popular and widely accepted as payment, we are thrilled to welcome the use of this cryptocurrency for buying Gold, Silver and other Precious Metals by integrating BitPay into our website. 
With BitPay integration, APMEX customers can now pay using bitcoin and complete their order in seconds. Because bitcoin works like cash for the Internet, customers enjoy a quick process, as the only delay is in the “mining” required of all bitcoin purchases. Additionally, all eligible bitcoin orders will be processed and shipped within one business day of your payment’s clearing and processing with the QuickShip® guarantee (domestic orders only). 
Buyers can make purchases with bitcoin at any time, from nearly anywhere, just as with most credit cards. International orders become significantly easier as cryptocurrency like bitcoin is accepted worldwide without conversion. Also, many customers prefer Bitcoin payment because of the anonymity offered by a blockchain purchase. - Apmex
Apmex is not the first online gold seller to accept Bitcoin as payment, but they are by far the largest.  But as with nearly all retailers who accept Bitcoin as payment, it must be done through a third party conduit since prices remain tied to dollar denominations, and not priced in Bitcoin itself.

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