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Gold investor Peter Schiff allows customers to pay with bitcoins

Use your bitcoins to pay for gold or silver!

| Business, Financial & Legal News | Posted: May 22, 2014 9:09 am

Consumers interested in purchasing gold and silver will now be able to use bitcoins to make purchases from Euro Pacific Precious Metals. It's a rather curious pairing as founder Peter Schiff noted he originally wasn't a big fan of the digital cryptocurrency.

 

TweakTown image news/3/7/37901_01_gold_investor_peter_schiff_allows_customers_to_pay_with_bitcoins.jpg

 

"My views have not evolved," Schiff told CNBC. "A lot of people still own bitcoins, and for now, they are still valuable. So I certainly want to make it easier for bitcoin owners to use their bitcoins to purchase gold and silver from my company."

 

Late last year, Schiff claimed that bitcoin essentially was nothing more than a fad, describing it as a "modern-day tulip mania," and that he didn't believe it was "going to end up being a source of commerce for the world." It makes sense that letting customers pay with bitcoin, which more consumers are interested in doing, is just practical business.

NEWS SOURCESBlogs.marketwatch.com, Bitcoinboard.net

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