Provident Metals, a well-known gold and silver bullion dealer, announced that they would start accepting cryptocurrencies for payment for coins, bars and even survival supplies in 2014. The firm began by accepting Bitcoin, Dogecoin & Litecoin.
Provident Metals began August 25 2014 accepting Bitcoin, Dogecoin and Litecoin for payment on all gold and silver bullion and other products available at ProvidentMetals.com.
“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.”
ProvidentMetals claims one main reason why they chose to accept cryptocurrencies is because of customer requests. The requests increased after Provident began sponsoring NASCAR driver Josh Wise, who is sponsored by Dogecoin.
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.
Provident Metals COO Jake Haugen, said that Dogecoin community led the company to take the dive… “… 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 said.
According to Provident Metals’ website:
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.