Yet another precious metals dealer has announced their intentions to begin accepting bitcoin, the digital currency that is seemingly taking the financial world by storm over the past year.
Provident Metals said in a Wednesday announcement that they will begin accepting not only bitcoin, but other cryptocurrencies like dogecoin and litecoin starting on the 25th of August.
“The value of cryptocurrencies and precious metals are market driven, and they both appeal to forward-thinking investors,” said Mr. Joe Merrick — Provident Metals CEO. “This integration was logical because many of our customers are proponents of alternative currency, and it’s our job to respond to their needs.”
Provident says that their customer base was the major reason behind the decision to accept digital currencies, especially following their sponsorship of NASCAR driver Josh Wise, in addition to sponsorship by the Dogecoin community.
Provident Metals COO Jake Haugen said, “[…] it was time for us to recognize the effect cryptocurrencies are having on the marketplace,” when Dogecoin enthusiasts began requesting that the company accept their digital coins.
“Our goal is to provide our customers with new and progressive payment options that work to their advantage,” Haugen says.
Other companies that accept digital currency include Agora Commodities and Peter Schiff’s Euro Pacific Precious Metals. Schiff has interestingly long denounced bitcoin and other digital currencies, but states their acceptance at Euro Pacific is largely due to customer demand.