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Bitcoin accepted by electronics retailer CeX

Posted by: In: Real Estate 31 Oct 2014 Comments: 0 Tags: , , , , , , , , , , ,

The company, which sells second-hand games and gadgets, will now accept Bitcoins for purchases and also pay out Bitcoins to customers selling things to them. CeX owns 30 shops and grants franchises for more than 150 others, reports The Telegraph, making the adoption of the digital currency the biggest on the UK high street so far.

The move marks a growing presence of Bitcoin in the UK, with a pilot scheme in Scotland by CeX recently installing a Bitcoin ATM in its Glasgow Sauchiehall Street store. CeX now aims to install one in five shops across the country.

While it is common for companies to transfer their holdings from Bitcoin to traditional pounds or dollars, CeX is keeping their coins close to their computers, “reponsibly supporting the stabilisation of the currency”.

“For us, Bitcoin is not a passing fad but the beginning of a fundamental shift in the way people think about digital money, says CeX Commercial Director David Butler.

“Our customers are always looking for new and engaging ideas and innovations and this attitude is not restricted to a new game or phone but also true of their approach to payment choices.”

UK, Currency Corner

Source: The Movechannel


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