On July 2nd, London-based Bitcoin and gold brokerage Netagio celebrated their first anniversary of helping retail customers and institutional investors buy and sell gold and Bitcoin in exchange for GBP, EUR and USD.
The service allows customers to purchase Bitcoins with fiat/gold, or sell Bitcoins for fiat/gold, online. Transactions are made through a user’s free Netagio account, which can store gold, Bitcoin and fiat.
Netagio, a subsidiary of precious metals brokerage GoldMoney, attributes the milestone to growing customer interest in cryptocurrencies and cryptocurrency transactions.
“From day one, our goal has been to offer customers an easy and secure means to buy and sell Bitcoins and gold in exchange for the most traditional currencies. We have been encouraged not only by the uptake by customers and their appetite to explore and offset traditional assets for new currencies, but also the additional benefits of being able to make and receive Bitcoin payments using their Netagio accounts,” stated Netagio CEO Simon Hamblin in a press release sent to CoinReport.
In addition to brokerage, the company also emphasizes its recognition for both gold and Bitcoin security.
According to the press release, “Netagio has invested heavily in providing resilient and secure storage. In December 2013 Netagio launched the first free European digital storage vault and all its gold bars are stored in a maximum-security vault in one of the world’s most secure storage facilities in Switzerland.”
Netagio currently offers offline “cold storage” for Bitcoin, coupled with “2-factor authentication…for an additional layer of security.”