Gold Dealer Amagi Metals Now Pays All Staff in Bitcoin
Precious metals dealer Amagi Metals announced it is now paying its entire staff in bitcoin via payroll service provider Bitwage. The move forms part of the company's plan to 'divorce' the US dollar by 2017, where it will stop accepting the fiat currency as payment method. Amagi Metals has worked with bitcoin for two years and, according to company data, 30-40% of its costumers currently pay with the digital currency. Speaking to CoinDesk, CEO Stephen Macaskill said he wanted to find a company that could handle bitcoin payroll seamlessly and test it with his own paycheck. Later, he put the....
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Amagi Metals. Precious metals dealer Amagi Metals has announced a partnership with bitcoin payroll processor Bitwage that will allow Amagi to pay the company's entire staff in bitcoin. Employees still have the option to receive a portion of their salaries in fiat, but all employees will receive at least a portion of their salary in bitcoin. Also read: Amagi Metals to Ditch USD for Bitcoin by 2017. Amagi Metals to Pay Entire Staff in Bitcoin. Amagi says the move to Bitwage was not just about helping their employees have more payroll options. CEO Stephen Macaskill-who will receive $40,000 of....
Eventually, gold will only be purchasable using Bitcoin on Amagi Metals. In a surprise announcement made earlier today, Amagi Metals has revealed their plans to trade "exclusively in cryptocurrencies like Bitcoin." Amagi Metals is an American based precious metal dealer that specializes in providing precious metals, which they view as superior money, to an international market through the technological advancement now known as eCommerce. Since 2012, the company has taken a strong, supportive stance of Bitcoin and has promoted its use well beyond just accepting it on their website. In a....
Anthem Vault has announced the acquisition of Amagi Metals. Amagi Metals is a Bitcoin-to-bullion precious metal dealer and with this deal the company is hoping to gain more ground in this growing market. Anthem Blanchard, founder and CEO of Anthem Vault also outlined that "our goal is to provide the precious metals community with a trusted way to accumulate gold and silver." He further explained the goal of the company by saying that "when customers find their gold and silver stacks too precious to be held in their own home, we can take on the storage and security at Anthem Vault. Amagi....
Precious metals and coin dealer Amagi Metals announced today it would stop accepting US dollars as a payment method at the end of 2016, saying it had "lost confidence" in the future value of the world's most popular fiat currency. While several prominent retailers and dealers have joined the bitcoin ecosystem in 2014, and some businesses have always been exclusively bitcoin, Amagi is one of the first to halt fiat acceptance. The company said in a statement: "Since the dollar was decoupled from gold in 1971, it has lost 97% of its value compared to the yellow metal and 83% of its domestic....
Today DigitalTangible, a leading Bitcoin-Gold platform and precious metals custodian, announced their partnership with Amagi Metals, a gold bullion dealer. Together the two have created a trading platform for physical gold, cash and Bitcoin. The CEO of Amagi Metals, Stephan Macaskill, made the announcement with DigitalTangible saying, "We are thrilled to be working with DigitalTangible. Our competitive premiums matched with their efficient service leveraging the Bitcoin Blockchain helps gold buyers worldwide meet financial goals. No one wants to work with a third party anymore. Bitcoin is....