UK shop cuts out cash for Bitcoin for next three days

cexbitcoin13 May / CNet – A Scottish shop has traded in cash for Bitcoin. A branch of second-hand shop CeX has done away with British pounds entirely for the next three days in an experiment with the online currency.

CeX buys your unwanted movies, games and gadgets, for cash or a voucher to spend in store. For the next few days, one branch is just offering Bitcoin.

The shop in question is the CeX branch in Sauchiehall in Glasgow. As well as gauging interest in the online currency, the trial is linked to the current debate over Scottish independence by temporarily doing away with pounds, the currency of the United Kingdom, from which Scots may decide to break away this year. A referendum to decide whether Scotland should be an independent country takes place on 18 September 2014.

Could a cyptocurrency be a genuine alternative to the sassenach pound? If Hull can have its own virtual currency for use in the real world, maybe Scotland can too….. Read more

Photo: David Cheskin

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