Join Our Mailing List
Thursday September 28, 2023
Bitcoin (BTC) $26,441.08   Ethereum (ETH) $1,617.97
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Crypto Exchanges

Sharps Pixley enables gold conversion into bitcoin with BitPay

Published by CryptoNinjas.net
05/15/2018
Sharps Pixley enables gold conversion into bitcoin with BitPay

Sharps Pixley, the London-based bullion broker announced today that they are now officially allowing customers to convert their gold directly into bitcoin via leading bitcoin and blockchain payment processor BitPay.

In September 2017, Sharps Pixley and Bitpay announced they had teamed up on trades converting bitcoin-to-gold.

This new arrangement now permits trades the other way from gold-to-bitcoin, making the trade reversible and allowing clients to trade either way between these two important assets.

The Sharps Pixley name dates back to 1778. The business is built on old-fashioned trust and discretion; however, by offering its customers the ability to pay with bitcoin it provides a very modern perspective.

Since Sharps Pixley initially offered clients the opportunity to trade between gold and bitcoin, it has seen strong demand and recorded its best-ever monthly sales totaling £10M sales in March 2018 since the opening of its London bullion showroom in early 2016.

Ross Norman, Sharps Pixley CEO said: “by allowing clients to firstly convert bitcoin into gold and now gold into bitcoin is a recognition that there is overlap between these two assets in terms of the motivation for owning them; it follows that people should be able to trade between them in either direction.”

“Sharps Pixley is one of the largest and most reputable gold dealers in the world and we are excited for them to be the first merchant to offer payouts in bitcoin for gold,” said Sonny Singh, Chief Commercial Officer of BitPay.  “We know this solves a real pain point in this industry as customers can now profit in both bearish and bull markets.”

Giles Maber, Director at Sharps Pixley said “even before we began accepting bitcoin as payment for gold, we had serious interest from clients looking to execute this trade, gold to bitcoin. This new service provides crypto investors with a safe haven in bearish markets and fast liquidity back into bitcoin when they turn bullish.”

Sharps Pixley, London’s leading bullion broker were among the first merchants to accept bitcoin as a payment method for physical gold and other precious metals. Sharps Pixley only offer this service via voice broking for larger transactions above £25,000 in value with total transaction fees from 1.75%

As full members of the London Bullion Market Association (LBMA), Sharps Pixley offer investors an extensive choice of bullion bars and coins produced by world leading and LBMA accredited good delivery refineries. A full service “one-stop shop,” investors can buy, store and trade precious metals using bitcoin. Sharps Pixley has a showroom dedicated to precious metals in St James’s, London where clients can walk in off the street to make their purchases or sales. “Our aim is to make investing in gold as visible, simple and competitive as possible” added CEO Ross Norman

27
SHARES
SubscribeE-MailXFacebookWhatsappTelegramRedditLinkedin

Related News

BitPay teams with Dosh to enable cashback rewards on crypto debit card

08/10/2022
BitPay teams with Dosh to enable cashback rewards on crypto debit card

BitPay, the bitcoin and crypto payment processing platform, announced today that users of its BitPay Card will now be rewarded with automatic cashback rewards when swiping the card at thousands of retailers. Thanks to...

Read more

Bitcoin payment platform BitPay now supports Lightning Network

04/06/2022
Bitcoin payment platform BitPay now supports Lightning Network

BitPay, a bitcoin & crypto payment platform, today announced support for Lightning Network payments. Now, BitPay merchants and their customers have access to cheaper, more scalable bitcoin payments. The combination of payments made through...

Read more

BitPay adds the Changelly crypto exchange API to app

01/26/2021
BitPay adds the Changelly crypto exchange API to app

BitPay, a provider of bitcoin and cryptocurrency payment services, today announced the integration of the Changelly API where BitPay Wallet app users can easily and quickly change one crypto for another. Changelly offers a non-custodial instant...

Read more

DeFi assets DAI and WBTC added to the BitPay Wallet app

01/20/2021
DeFi assets DAI and WBTC added to the BitPay Wallet app

BitPay, a provider of bitcoin and cryptocurrency payment services, today announced the integration of WalletConnect into the BitPay Wallet app. BitPay Wallet app users have direct access to the decentralized exchange, decentralized games, and...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Blockstream Mining Bitcoin

Blockstream launches bitcoin mining colocation and pool services

08/08/2019
Blockstream releases new platform for Liquid-sidechain security token issuance

Blockstream releases new platform for Liquid-sidechain security token issuance

05/15/2019
Zilliqa blockchain combines incubation programs as it announces new grant winners

Zilliqa blockchain combines incubation programs; announces new grant winners

12/03/2019
Global Brain invests in Omise, creator of crypto ecosystem OmiseGO

Global Brain invests in Omise, creator of crypto ecosystem OmiseGO

10/22/2018
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
Adenasoft launches new crypto exchange white label solution: ACE

Adenasoft launches new crypto exchange white label solution: ACE

06/27/2023
Maximize Your ETH Investment: The ETHphoria Vault by Pods

Maximize Your ETH Investment: The ETHphoria Vault by Pods

06/21/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy