Sharps Pixley Now Accepting Bitcoin Payments for Gold

Now Accepting | September 26, 2017 By:

London bullion dealer Sharps Pixley is now accepting bitcoin payments for gold bullion and other precious metals. Sharps Pixley said it would offer the service through payment processor BitPay.

The company said that its online webshop integration will allow customers to pay using any bitcoin wallet and complete their order in seconds without leaving the site.

Giles Maber, Business Development Director at Sharps Pixley said that they are bridging the gap between the world’s oldest currency and its newest, offering new and existing customers the means to exchange and diversify digital currency for a real, tangible asset which they can store and trade at Sharps Pixley.

“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 them.”

“We are happy to be working with the Sharps Pixley team to make bitcoin payments available to their global clients,” said BitPay CEO, Stephen Pair. “Time and time again, we’ve seen how bitcoin can help precious metals leaders reduce costs, cut fraud risk, and attract new customers. Sharps Pixley is taking an important step for both their industry and for their customers.”

The Sharps Pixley name originates from the 18th century — the company began as a diamond trading firm in 1778. It quickly moved to gold trading and thrived in the gold rush of the 1850s, but had fallen into disuse by the 1990s. Norman bought the name in 1998, and the company was acquired by German bullion retailer Degussa in 2013.