CeX store replaces the pound with Bitcoin

Retail store will be the first in UK to let customers receive the virtual currency
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Second-hand electronics chain CeX is replacing the pound with Bitcoins for three days in one of its stores.

While Scan Computers recently became the first UK PC retailer to accept Bitcoin, the CeX retail store, in Sauchiehall, Glasgow, will be the first in the UK to let customers receive the virtual currency.

“It's really exciting to be at the centre of such an innovative trial,” said David Butler, commercial director at CeX.

“In our store, the staff and customers live and breathe technology so it's only appropriate we looked at Bitcoin as a way for our customers to buy and sell electronic goods.”

Several pubs and some taxi companies around the UK already accept Bitcoin, but this will be the first time a customer has been able to go into a store and earn the currency by selling goods.

According to the Daily Mail, part of the scheme is designed to highlight the issues around Scottish independence, with the trial offering an opportunity to show that the country could manage without the pound.

Virtual currencies have grown massively over the past year. Some have been a success, others have already fallen into the abyss. You can read more about Bitcoin, Dogecoin, Flappycoin and Coinye here.

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