Paxful, a peer-to-peer bitcoin exchange, now allows users to transact in gold. CEO Ray Youssef said the new service comes in direct response to user requests, offering a swap option and a transfer procedure. Parties first negotiate terms, including if the gold transfer will happen in person and where. The bitcoin (BTC) holder then sends the agreed-upon funds into a Paxful escrow, where it sits until the gold holder confirms bullion transfer and the counterparty confirms receipt. At that point Paxful releases the bitcoin. All this must happen within 21 days of payment initiation or the parties enter dispute ... (full story)