Euro Pacific Precious Metal: Accepts Bitcoin through Bitpay
Following the footsteps of Amagi metals, Euro Pacific Precious Metals, one of the largest international gold and silver dealers started accepting Bitcoin. Even larger than Amagi Metals volume wise, this will bring a lot of attention and potentially precious metal investors that want to diversify their portfolio. To do this, they partnered up with Bitpay, a popular payment processor. With its excellent customer support, as well as the ability to have daily deposit to your bank account in your local currency, free of charge. You are even able to keep a certain percentage of Bitcoins if you....
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Peter Schiff finally decides to embrace Bitcoin. BitPay, a Bitcoin payment processor with more than 30,000 merchants on its roster, has announced a partnership with Peter Schiff's Euro Pacific Precious Metals. Although Schiff has been quite critical of Bitcoin in the past, it seems that he now understands the importance of embracing the revolutionary payment system and digital currency. Many other gold and silver dealers already accept Bitcoin in the United States and other parts of the world, but Euro Pacific Capital is the largest such company to accept the digital currency up to this....
Just over one week ago, investor and gold bug Peter Schiff announced that his company, Euro Pacific Precious Metals, would be accepting bitcoin in exchange for gold. The news made headlines rather quickly, mostly because Schiff has denounced bitcoin, at one point calling it a "modern-day tulip mania." It was an interesting turn of events, frankly, but the move doesn't seem to have had much of an impact on Euro Pacific revenues. Schiff appeared on business television network CNBC on Thursday and made an interesting revelation: one one person has taken him up on his offer and purchased the....
Given that the design of bitcoin's peer-to-peer system was partly inspired by gold, it's not a surprise that many bitcoin enthusiasts are also fans of the precious metal. Both gold and bitcoin are scarce commodities used as stores of value by those who might be distrustful of fiat currencies. The bitcoin community has long been interested in courting gold users - Ripple, for example, recently introduced gold trading to its platform. Even so, gold enthusiasts have not always been bitcoin champions. Some even go so far as to vocally oppose bitcoin as an investment vehicle. Schiff's stance.....
Euro Pacific Precious Metals, one the world's largest gold and silver dealers by volume, announced today that it is accepting bitcoin through merchant bitcoin processor BitPay. Founded by famed financial personality Peter Schiff - host of popular financial radio show "The Peter Schiff Show" and a vocal detractor of bitcoin, the company's decision unsurprisingly reverberated throughout the bitcoin community, with many optimistic that Schiff had reversed his stance on digital currency. However, in an interview with CoinDesk, Schiff framed his company's move as more strategic to its business....
Famed gold supporter and investor Peter Schiff hasn't quite gone down in the books as a supporter of bitcoin. Late last year, Schiff appeared on CNBC program "Futures Now" to denounced the digital currency, calling it a "modern-day tulip mania" and saying he doesn't "think it's going to end up being a source of commerce for the world." Fast forward to today. Schiff's Euro Pacific Precious Metals is now accepting bitcoin - as you may have seen in the headlines this morning - allowing gold bugs to get their paws on the precious metal using digital currency. The same digital currency Schiff....