Gold Coast, Australia, Wednesday, 27 June 2018 – Ainslie Bullion, one of Australia’s leading gold and silver bullion dealers, has partnered with Ecryptostore.
Established in 1974, Ainslie Bullion offers a range of gold, silver and platinum products, as well as their own exclusive Ainslie Stacker silver bars. They’re also Queensland’s primary distributor for the Perth Mint.
Ecryptostore is the ultimate link between cryptocurrency and real-world application by allowing users to buy and sell goods and services globally with fiat or cryptocurrency. The partnership with Ainslie Bullion now adds gold and silver bullion to the user’s redeemable options, as well as providing liquidity for crypto to fiat exchange. The deal aligns with Ainslie’s decision to complement their bullion business
with a secure, high value, ‘lock and pay’, OTC crypto-asset trading platform through Ainslie Wealth, part of the Ainslie group.
For cryptocurrency to bullion transactions, Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin are the primary focus, however, other altcoins can also be exchanged on request, with the rate being determined at the time of exchange so there is no exposure to price fluctuation.
Ainslie Wealth’s partnership with Ecrytostore provides liquidity for transactions under $5,000 without the Know Your Customer (KYC) requirements. Transactions over $5,000 will require a simple online ID verification to be completed and transactions of over $200,000 will sometimes require one days’ notice. Ecryptostore’s tech team are implementing changes on the platform to make it ‘push-button simple’ for
a user to cash out to gold, silver or fiat and it is anticipated that this option will be available for users in July.
Ecryptostore is confident that this partnership compliments their mission to provide a user-friendly solution for merchants and buyers on their ecommerce platform.
The traditional ecommerce platform, a multibillion dollar industry, is currently dominated by a small number of juggernauts like Ebay, Amazon and Alibaba. Ecryptostore aims to capture a small percentage across this traditional space whilst positioning ourselves as a dominant leader in the ever-expanding cryptocurrency space. We will accomplish this aim by continuing to develop innovative and user-friendly options for our customers.
— Nathan Burns, Co-founder
Free Market Token, founded by the same owners as Ecryptostore and powers the Ecryptostore platform, is currently in the presale round of their token sale that will fund the expansion of the already functioning and successful Ecryptostore.com as well as other platforms in the FMT token ecosystem.
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