Bitcoin Missing Out as UK Retailers Move Away From Cash

Bitcoin Missing Out as UK Retailers Move Away From Cash

UK retailers are exploring alternative payment options and moving away from traditional cash payments due to relatively high costs, according to a new survey compiled by payments provider Sage Pay. The company's research reveals that UK retailers now spend a whopping £17.8bn (almost $30bn) a year just to process cash payments. As a result, they are looking at cheaper alternatives, but it seems most of them are staying away from bitcoin. This general trend is not new. The British Retail Consortium (BRC) has been keeping track of retail transactions for years and the volume of cash....


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Quotes

There are more people in the world who need a currency they can trust than there are people in the world who can trust their currency.

Wences Cesares (Xapo CEO)