Sharps and Pixley may not be a household name to every investor, however every investor should consider the significance of their latest move.
Sharps and Pixley is a gold trader in London who recently opened a high end showroom for investors, said they would start accepting Bitcoin as payment using Bitpay as their payment processor.
This offers a convenient mechanism for Bitcoin holders to “cash out” of the volatile Cryptocurrency market and hold physical bullion which carries signifantly less risk. Particularly with the continuous FUDing from the likes of JP Morgan spreading fear across the market.
The CEO of Sharps Pixley, claimed “it is our view that many investors in Bitcoin would like the option of holding intrinsic value in a traditional safe haven asset like gold ; and be able to switch across in a simple and cost effective way. That avenue is now open to them.”
And from Bitpay CEO Stephen Pair “We are happy to be working with the Sharps Pixley team to make bitcoin payments available to their global clients,”
“Time and time again we’ve seen how bitcoin can help precious metals leaders reduce costs, cut fraud risk, and attract new customers. Sharps Pixley is taking an important step for both their industry and for their customers.”
This is an incredibly innovative move by the Londo gold trader who are broadening their market by offering a payment option for those that don’t necessarily want the government to know how much gold they hold.
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