The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. Many precious metal dealers around the world are now taking payment in cryptocurrency, including UK-based Sharps Pixley which announced its interest in Bitcoin. APMEX is not the first bullion dealer to accept payment in Bitcoin. It is also citing the preference of customers for anonymity as one of the reasons to introduce the support of the digital coin as payment. Though the discount offer is only for a limited time, it will surely encourage customers to pay with Bitcoin. It is also offering a discount of 4 percent on all purchases paying with Bitcoin. Leading precious metals dealer, APMEX has integrated Bitpay to process all cryptocurrency transactions. As bitcoin becomes more popular and widely accepted as payment, we are thrilled to welcome the use of this cryptocurrency for buying gold, silver and other precious metals by integrating BitPay into our website.” The official announcement states: “For more than 15 years, APMEX has been an industry leader and along the way has adapted to the growing needs of our customer base.
After celebrating 15 years in business, leading precious metals and gold dealer APMEX announced that it will accept payment in bitcoins on its platform.
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