Sunstock Inc. to Accept Ethereum for Payment at California Coin Shop
Sunstock Inc. (OTC: SSOK) announced on February 23, 2021, its retail coin shop, Mom’s Silver Shop in Sacramento, will begin accepting Ethereum payments in the second half of 2021, aiming to enhance revenue. This initiative positions Sunstock as a pioneer in U.S. coin shops to accept Ethereum. CEO Jason Chang highlighted the growing acceptance of cryptocurrency and noted that Bitcoin payments will also start by June 2021. Sunstock operates in the precious metals market, primarily gold, utilizing a ‘ground to coin’ strategy.
- First U.S. coin shop to accept Ethereum, enhancing competitive edge.
- Expansion of payment options may lead to increased revenue.
- Growing acceptance of cryptocurrency aligns with consumer preferences.
- None.
SACRAMENTO, Calif., Feb. 23, 2021 (GLOBE NEWSWIRE) -- Sunstock Inc. (OTC: SSOK), involved in the buying, selling and distribution of precious metals, today announces that in the second half of 2021, its retail coin shop will begin accepting ethereum to increase revenues for the Company.
Located in Sacramento, Calif., Mom’s Silver Shop buys and sells gold, silver and rare coins to investors and customers. Sunstock believes it will be the first coin shop in the United States to accept ethereum for payment.
“Cryptocurrency is becoming more widely accepted and is soaring in value. We want to take advantage of this opportunity to increase revenues while adjusting to consumer payment preferences,” stated Sunstock CEO Jason Chang. “As we recently announced, Mom’s Silver Shop will also allow customers to pay with bitcoin, beginning in June. We are pleased to be among the growing number of businesses around the world to accept cryptocurrency payments.”
About Sunstock Inc.:
Sunstock Inc. (OTC: SSOK) is involved in the distribution of precious metals, primarily gold. The Company pursues a “ground to coin” strategy, whereby it uses its wholesale and retail channels to sell these precious metals primarily through its own branded coins. For more information, visit the Company’s website at www.SunstockInc.com.
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Contact:
Mr. Jason Chang, CEO
Enquiry@SunstockInc.com
916-860-9622
www.SunstockInc.com
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