I was wondering how many merchants out there in Singapore accepting cryptocurrencies as payment and in particularly in BCH.
So Google brought me to this precious metal dealer Bullion Star in Singapore, which I think quite famous in Singapore as I saw their big booth during past years precious metal fair.
From the main page, already could see the payment settlement can be made in major cryptocurrencies, eg Bitcoin , Litecoin & Bitcoin Cash !
Photo Source: https://www.bullionstar.com/
But what interest me more, is the sell option tab in the website. You can sell the gold or silver coin to Bullion Star and receive their payment in cryptocurrencies!
Photo Source: https://www.bullionstar.com/
But one thing that puzzled me is that Bitcoin Cash payment option , it's with bracket (ABC) , I am not sure whether it referred to the latest hardfork coin BCHABC (BCHA)?
Anyway, if you were to choose BCH payment, the error box will pop-up and BCH payment method is temporary disabled. (Same goes to Binance BCHA wallet, unable to transact yet)
Photo Source: https://www.bullionstar.com/
The whole process is pretty simple , following the guide on the webpage. This prompted me to think if were to convert some of my precious metal coins into cryptocurrencies. The coins that I invested few years ago is hardly hit break-even price and it's clumsy to store it properly.
Thinking over these years, I start to think BTC served better role in value preservation mean better than the traditional gold bars/coins. As BTC has got finite supply and handy to transfer, while precious metal is hard to liquidate and storage is a big headache.
Photo Source: https://www.bullionstar.com/
Any comment from the floor?