Sunstock Inc. Announces Update on Plans to Accept Ethereum
SACRAMENTO, Calif., March 03, 2021 (GLOBE NEWSWIRE) — Sunstock Inc. (OTC: SSOK), involved in the buying, selling and distribution of precious metals, today announces that its legal counsel is establishing the procedures necessary for the Company to use the Ethereum network as a payment option.
As previously announced, Mom’s Silver Shop, located in Sacramento, Calif., in coming months will allow investors and customers to make transactions using Ether. Sunstock’s legal team is managing the setup and execution of the new payment method, which Company management believes will increase revenues, reduce processing fees, and attract more clients.
“We are pleased to announce that we remain on track to accept certain cryptocurrency for gold, silver and rare coin purchases beginning in June of 2021,” stated Sunstock CEO Jason Chang. “Our legal counsel is diligently working to ensure we are efficient, prepared and capable of offering flexible payment options to our customers and investors. Demand for precious metals remains strong, and as we continue to build our inventory of gold and silver, we are also anxious to open a new revenue stream and integrate digital assets.”
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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