Paysera: Sold EUR 1.4M worth of physical gold

  • Paysera, having started trading physical gold at the end of September, which is unusual for fintech companies
  • Most buyers have not collected their precious metal and it remains in the storage facilities of the company
  • The trade was also facilitated by a period when people are inclined to look for ways of retaining the value of their money
  • According to V. Morkūnas, even though gold buyers can collect their purchased gold coins and bars or have them delivered to their home
  • Via its mobile app, the company sells gold bars from the Swiss manufacturer Valcambi Suisse
  • The smallest gold bar offered by Paysera weighs 1 g. On Friday morning, its price was approximately EUR 62
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Scammers Impersonate NAB Trade’s Tom Piotrowski to Endorse Fraudulent Investments

NAB Trade warns investors about the ongoing impersonation scams targeting clients.Highlights: Scammers are impersonating Tom Piotrowski from NAB...

Bermuda Strengthens Onchain Economy with New Regulatory Framework

Government seeks to attract blockchain innovation and investment.Highlights: Bermuda introduces new regulations to boost its onchain economy.The framework...

Australia Tightens Cash Acceptance Rules for Retailers

New regulations will impact how retailers handle cash transactions.Highlights: Australia introduces stricter cash acceptance rules for retailers.The new...

Trump Calls on Congress to Cap Credit Card Rates

The former president urges lawmakers to limit high interest rates amid economic concerns.Highlights: Trump advocates for capping credit...