Bitcoin users want more exchange opportunities. JM Bullion announced that it’s now possible to buy gold and silver with bitcoin on the BitPay platform. The firm now offers its customers the option to pay with the cryptocurrency.
According to the firm, accepting bitcoin provides flexibility to online customers. It’s now possible for cryptocurrency users to pay for precious metals with a bitcoin wallet. Paying in bitcoin might also protect customers against expensive credit card chargebacks and high card processing fees.
JM Bullion will now offer bitcoin users a four percent transaction discount. It offers the same discount to customers who pay for transactions in cash. The discount might help users to offset higher bid/offer spreads in the precious metals OTC market.
Cryptocurrency users have higher minimum purchase amounts than credit card customers but they’ll enjoy lower minimums than customers using bank transfer or paper check settlement options.
Historically, gold price tends to increase during periods of political and economic uncertainty. Gold price reached an all-time high in 2011. The price