[2016-01-06]Bitstamp Now Has a Gold Delivery Withdrawal Option

[tolikkk]

The EU-based Bitcoin exchange Bitstamp now allows customers to withdrawal funds in Gold. They recently released this information in a webpage news update. if someone has a Bitstamp account, instead of exchanging Bitcoin for Fiat currency and vice versa, they can request to purchase gold with their available funds. However, the company has not integrated Bitcoin functionality, so gold can only be quoted and exchanged for USD. But according to to their site, they intend add a Bitcoin-for-gold option soon.

https://news.bitcoin.com/bitstamp-now-gold-delivery-withdrawal-option/

[Lethn]

Wow! That's seriously big news!

[1Referee]

I like this news. Good to see that Bitstamp is looking to add a precious metal to their trading platform. I personally aren't a big fan of Gold, but a lot people out here do like Gold. Great step forward.

[Kprawn]

The other positive angle on this is the possibility that gold traders could enter the Bitcoin scene and trade in and out of Bitcoin. The impact of that would be a positive boost

for the price, because a lot of people are seriously invested into gold. Even though Bitcoin has a lot of volatility, it only seems to occur a few times every year now, and it's

nothing like it used to be. The less volatile Bitcoin becomes, the more people would invest into it's long term possibilities. We have seen a steady growth, with a few spikes and

that would even out, as adoption grows.