BitGold Moves Further Away from Bitcoin, Adopts SEPA Deposits in Europe
- This came after Bitstamp added physical gold delivery as a withdrawal option for European clients.
BitGold (CVE:XAU) has announced to clients that it is now connected to online banking across the Single Euro Payments Payments 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. 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. Most commonl 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. 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. Most commonl Read this Term Area (SEPA). The firm explains that with SEPA deposits, BitGold users with accounts at participating banks in the region can now “make secure online bank transfers without worrying about credit cards, foreign exchange issues, or unnecessary wire delays.”
The brokerage, publicly traded on the TSX Venture Exchange, recently rebranded as GoldMoney following its merger with the UK-based precious metals storage firm. The startup’s stated objective is to make it easy to store and spend gold. As implied by its original name, it was considered to have employed some use of Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology to carry out transfers. However, it minimized its association with anything to do with Bitcoin from the start, and now makes practically no mention of it whatsoever as can be seen from the announcement quoted above. Instead, it has focused entirely on the precious metal it promotes, as observed with its takeover of GoldMoney.
Goldstamp
Coincidentally, the BitGold announcement of integrating with the European banking system followed popular bitcoin exchange Bitstamp revealing yesterday that it is now offering a new method of withdrawing funds in the form of physical gold to its EU clients. This is thanks to a cooperation with Moro & Kunst d.o.o., a precious metals re-seller operating in the Slovenian, Austrian and Croatian financial markets since 1993. Bitstamp says that at the moment, purchase is only available with USD and the gold will be delivered within 2 to 5 business days of an order being placed.
BitGold (CVE:XAU) has announced to clients that it is now connected to online banking across the Single Euro Payments Payments 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. 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. Most commonl 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. 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. Most commonl Read this Term Area (SEPA). The firm explains that with SEPA deposits, BitGold users with accounts at participating banks in the region can now “make secure online bank transfers without worrying about credit cards, foreign exchange issues, or unnecessary wire delays.”
The brokerage, publicly traded on the TSX Venture Exchange, recently rebranded as GoldMoney following its merger with the UK-based precious metals storage firm. The startup’s stated objective is to make it easy to store and spend gold. As implied by its original name, it was considered to have employed some use of Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology to carry out transfers. However, it minimized its association with anything to do with Bitcoin from the start, and now makes practically no mention of it whatsoever as can be seen from the announcement quoted above. Instead, it has focused entirely on the precious metal it promotes, as observed with its takeover of GoldMoney.
Goldstamp
Coincidentally, the BitGold announcement of integrating with the European banking system followed popular bitcoin exchange Bitstamp revealing yesterday that it is now offering a new method of withdrawing funds in the form of physical gold to its EU clients. This is thanks to a cooperation with Moro & Kunst d.o.o., a precious metals re-seller operating in the Slovenian, Austrian and Croatian financial markets since 1993. Bitstamp says that at the moment, purchase is only available with USD and the gold will be delivered within 2 to 5 business days of an order being placed.