KYN Capital Group has unveiled a significant enhancement to its KOINFOLD Pay 2.0 platform, enabling cryptocurrency investors to directly purchase physical precious metals. This innovative feature is made possible through a strategic partnership with BullionStar, a leading precious metals dealer. The integration facilitates the conversion of digital assets such as Bitcoin and Ethereum into tangible gold, silver, and platinum by the gram, leveraging BullionStar's Bullion Savings Program (BSP).
The service offers investors the ability to acquire precious metals at competitive prices, with each gram backed by physical metals stored in secure, fully audited vaults located in Dallas, Texas; Singapore; and Wellington, New Zealand. These state-of-the-art storage facilities ensure customers have full legal ownership of their metals, stored outside traditional banking systems to minimize counterparty risk. Additionally, the facilities are fully insured and undergo regular audits by LBMA-approved firms like Bureau Veritas.
Rick Wilson, CEO of KYN Capital Group, emphasized the integration's importance, noting that it combines the flexibility of cryptocurrency with the stability of precious metals. This partnership provides users with a unique opportunity to hedge against economic volatility and inflation, while ensuring transparent and secure access to physical bullion. Among the key benefits are tax advantages, including GST exemptions for investment-grade metals in Singapore, and similar benefits in the United States and New Zealand. Investors can manage their metals around the clock, with the ability to buy, sell, audit, or withdraw through BullionStar's platform.
This collaboration marks a pivotal development in digital asset management, offering cryptocurrency investors a tangible method to diversify and stabilize their investment portfolios. For more information on BullionStar's services, visit https://www.bullionstar.com.
