DigitalTangible Launches Mail-Order Gold-to-Bitcoin Trading Service

DigitalTangible has launched a new precious metals service that aims to target gold bar and coin owners who may be considering the digital currency market, reports "CoinDesk".

Called Bitcoin4Gold, the service allows verified users to mail physical gold to its dealer network, which can then be exchanged for bitcoin, litecoin, dogecoin or darkcoin.

The product is the latest from crypto 2.0-powered gold and bitcoin trading serviceDigitalTangible, which launched its exchange service in September. DigitalTangible allows users to move between bitcoin and gold, and to receive cryptographic tokens that represent physical gold holdings.

Precious metals dealer Agora Commodities and Texas-based refinery and wholesaler Dillon Gageare handling the shipping and review process, while prospective sellers will use DigitalTangible’s web wallet to retrieve their digital currency of choice.

DigitalTangible founder Taariq Lewis said that his company is betting that the time is right to open a new channel for gold owners that want to get in on bitcoin, given that the market has recently seen multi-year lows.

Nov 13, 2014, 4:19 PM
Oct 3, 20148:59 AM

Slovakia Retail Sales Growth Slows In August

Slovakia's retail sales increased at a slower pace in August, after improving in the previous two months.

Oct 3, 20148:49 AM

Bank of Japan Buys Record 3.5 Trillion Yen in Treasury Bills

The Bank of Japan purchased a record 3.5 trillion yen ($32 billion) in treasury bills today...

Oct 3, 20148:43 AM

Tougher U.S. Tax Rules Cited as Salix Ends Cosmo Deal

Salix Pharmaceuticals Ltd. (SLXP) and Italy’s Cosmo Pharmaceuticals SpA (COPN) ended a $2.7 billion merger agreement.

Oct 2, 20149:02 AM

ECB Leaves Rates Unchanged After September Cut

The bank today kept the deposit rate at -0.20 percent and the marginal lending rate was maintained at 0.30 percent.