SOURCE: Provident Metals
July 23, 2014 07:00 ET
Provident Metals to Accept Bitcoin, Dogecoin and Litecoin for All Purchases
Popular Gold and Silver Bullion Dealer Announces It Will Begin Accepting Certain Cryptocurrencies for Payment for Coins, Bars and Survival Supplies Starting August 25th
DALLAS, TX–(Marketwired – July 23, 2014) – Provident Metals has announced today that it will soon accept cryptocurrencies as a form of payment. Beginning August 25th, the online precious metals dealer will accept Bitcoin, Dogecoin and Litecoin for payment on all gold and silver bullion and other products featured at ProvidentMetals.com.
Bitcoin, Dogecoin and Litecoin are currently used as mediums of exchange through what are known as peer-to-peer transactions. Digital wallets track the balance of the currency and allow users to access and spend their holdings. These and other cryptocurrencies are open-source, decentralized and their scarcity and security is based on cryptography.
“The value of cryptocurrencies and precious metals are market driven, and they both appeal to forward-thinking investors,” said Provident Metals CEO Joe Merrick of the decision. “This integration was logical because many of our customers are proponents of alternative currency, and it’s our job to respond to their needs.”
In fact, customer requests played a large part in the decision to accept cryptocurrencies, particularly after Provident began sponsoring NASCAR driver Josh Wise, who is also sponsored by Dogecoin.
According to Provident Metals COO Jake Haugen, when the Dogecoin community began requesting the option to purchase precious metals with their preferred digital currency, the company realized that, “… it was time for us to recognize the effect cryptocurrencies are having on the marketplace.”
“Our goal is to provide our customers with new and progressive payment options that work to their advantage.” Haugen continued, explaining that by adding Bitcoin, Dogecoin and Litecoin to their accepted settlement options, Provident Metals joins a small but rapidly growing list of merchants that are adapting to fit the needs of modern consumers.
To learn more about cryptocurrencies and Provident Metals, contact the gold and silver bullion firm by phone at (800) 313-3315 or visit http://www.providentmetals.com.
About Provident Metals
Provident Metals is a leading dealer of gold and silver bullion as well as other investment grade precious metals, along with a growing selection of food storage and other survival goods. The bullion dealer is also a proud NASCAR co-sponsor with Dogecoin. Provident Metals customers enjoy access to a secure online ordering system, or can call (800) 313-3315 weekdays between 8 a.m. and 6 p.m. CST. Visit http://www.providentmetals.com/ for more information.