OneGold has just announced a partnership with BitPay. If you’re wondering what OneGold is, it’s an online marketplace for buying, selling and trading precious metals such as gold. BitPay is a world renown Bitcoin payment service with its headquarters based out of Atlanta, Georgia. They currently host over 30,000 companies/individuals on the site.
With OneGold’s integration with BitPay, people will be able to effectively purchase Gold by using cryptocurrency which includes bitcoin, bitcoin cash, ether as well as a few other stable cryptocurrencies. For obvious reasons, extremely new cryptos have been left off the list for security reasons.
If you read our earlier article, on the skyrocketing prices in Bitcoin, you probably have a slight idea on how Bitcoin and Gold are more closely linked than you previously thought. Bitcoin is known as the digital gold and for good reason. Both the cryptocurrency and the precious metal share many commonalities with one being, their stable unit price.
In fact, it’s not uncommon for Bitcoin and gold prices to both rise at similar times. Certain analysts will use both of their values for trends and predictions.
Who is going to buy some gold with their crypto tonight?
Good Luck 🙂