Local London Currency Brixton Pound Thrives in Bitcoin's Shadow
Somewhere in South London, an organic grocery store is accepting payment for goods in a currency that is not controlled by the Bank of England, and that is transmitted by text from a cellphone. What may be surprising is that it's not another trendy store cashing in on the bitcoin bump. Instead, it's a Brixton shopkeeper taking a local currency that has been in existence since around the same time Satoshi Nakamoto releasedhis fateful paper. The store is Brixton Wholefoods and its owner is Tony Benest, a 30-year resident of the South London neighbourhood. Benest recently signed up so that....
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