London gold dealer Sharps Pixley to accept payment in bitcoin – Finance News

LONDON, Sept 26 (Reuters) – London bullion dealer Sharps
Pixley will allow customers to pay for gold and other precious
metals using digital currency bitcoin, the company said on

Sharps Pixley, which last year opened Britain’s first
showroom making gold coins and bars available to private
investors in London’s elite district of Mayfair, said it would
offer the service though payment processor BitPay.

Bitcoin is the world’s most popular cryptocurrency and
enables individuals to transfer value to each other and pay for
goods and services outside the regulated financial system.

Its dollar value has more than tripled this year but it
remains highly volatile. Prices fell this month from almost
$5,000 to a low of less than $3,000 after JPMorgan chief Jamie
Dimon called it “a fraud” and China cracked down on
cryptocurrency exchanges.

“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,”
said Sharps Pixley CEO Ross Norman. “That avenue is now open to
(Reporting by Peter Hobson; Editing by Mark Potter)

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