Scottish Tech Store CeX Drops UK Pound for Bitcoin
Technology exchange and retailer CeX is making waves in the United Kingdom's bitcoin ecosystem this week, launching a bitcoin-only payments initiative, as well as Scotland's first bitcoin ATM. CeX has added bitcoin payments to its website, according to a post on the company's blog yesterday. To commemorate the initiative, the retailer is undertaking a series of projects, which includes the ATM launch at its Sauchiehall Street, Glasgow, location. The ATM, built by Lamassu, will charge 0% commission on bitcoin transactions, well below the rate of other similar machines in the UK, to entice....
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A year on from the national referendum where Scotland rejected independence from the UK - leaving the pound sterling to continue as its national currency, a member of Parliament from the Scottish National Party (SNP) issued a rallying call to his party and the country to begin experimenting with digital currency. George Kerevan, MP for East Lothian and a member of the SNP called for the country to start experimenting with digital currency and spoke about the British pound not being "the be-all and end-all," insisting that a new digital currency could help Scotland reach beyond its reliance....
In a bid to break away from the U.K. and the pound Scottish Independence supporters have launched the Scotcoin; however, reports suggest that its low value would make the cost of everyday living increase. According to the British newspaper, the Express, the digital Scotcoin is worth less than the Zimbabwean dollar, with 1,000 Scotcoins amounting to 86 pence. At the moment, 481 Zimbabwean dollars amounts to £1, while £1 equals around 1,175 Scotcoins. Last year, the Scottish National Party’s George Kerevan called on the country to experiment with the digital currency saying that it would....
A member of parliament for the Scottish National Party (SNP) has urged his party to consider experimenting with a national digital currency. Speaking at the SNP conference held in Aberdeen - in northeastern Scotland - George Kerevan said he wanted the country to trial the ScotPound, a native digital currency that would co-exist alongside the pound sterling. The digital currency, Kerevan told BuzzFeed News, would be an important ready-made alternative to the pound when the next independence debate surfaced, and one that could 'bubble up' through the party. Kerevan's comments follow the....
The recent Scottish independence referendum prompted questions about whether or not an independent Scotland would consider adopting bitcoin or another cryptocurrency (such as the Scottish-themed Scotcoin) in lieu of the British pound. Alas, the Scots voted to remain in the United Kingdom, so the discussions proved moot. However, a new poll indicates the Scots may seek independence again in the future. That could bode well for bitcoin's future prospects in Scotland. Also read: Scotland's Independence Vote, Bitcoin, and the Myth of Free Scottish Banking. Cryptocurrency Could Play a Central....
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