[2017-12-12] Precious Metals Dealer Apmex Now Accepts Bitcoin for Purchase

[Immakillya]

Precious Metals Dealer Apmex Now Accepts Bitcoin for Purchase

Bitcoin users can now purchase a variety of precious metals, bullion, coins, bars and numismatics products from the popular online dealer Apmex. The firm announced accepting bitcoin on December 8 and said they are “thrilled to welcome the use of cryptocurrency.”

"International orders become significantly easier as cryptocurrencies like bitcoin are accepted worldwide without conversion. Also, many customers prefer bitcoin payments because of the anonymity offered by a blockchain purchase."

This is cool. A well known online precious metal Apmex will now accepts bitcoin. They are also planning to give a 4% cash discount for Bitcoin sale. But for limited time only.

Apmex says bitcoin orders will be processed within one business day after the transaction confirms on the blockchain. Moreover, the bullion dealer details that for a limited time all bitcoin orders will receive a 4 percent cash discount that is typically given to wire transfer customers.

https://news.bitcoin.com/precious-metals-dealer-apmex-now-accepts-bitcoin-for-purchases/

[Xavofat]

Since the merchant doesn't receive fees for accepting BTC like they do in the case of credit cards, it makes sense that merchants accepting larger transactions would give a slight discount to those spending BTC.

JM Bullion also does this (3%, just like those paying via wire transfer or cheque).

I suppose precious metal dealers are still a group that will steadily continue to accept BTC - after all, they're selling high value goods and many of their customers like privacy.

[CryptoBry]

Finally, we have here the meeting of the physical gold and the new digital gold. And I think this should have been done a long time ago. I am sure that are also many cryptocurrency holders who are interested to add gold to their investment portfolio. The real gold remains to be the most stable way of storing value and I don't see both assets to be competing with each other as they can go complimenting instead.