Who will be first major player to accept bitcoins in UK?

[gsingh]

Can't wait to see some major player start accepting bitcoin to start the trend here in UK?

Will it be ASDA, Tesco, Currys... ?? Any guesses and why?

[FlappySocks]

An online store would be my guess.  Amazon maybe.

[Dodgers]

Can't wait to see some major player start accepting bitcoin to start the trend here in UK?

Will it be ASDA, Tesco, Currys... ?? Any guesses and why?

HMRC....Inland Revenue??.....

[remotemass]

"Sainsbury's", "Just Eat", "Hungry House", "CeX" and "Cash Converters". Just a feeling!

[stimpi]

Surely takeaway.com counts as the first then?

[Thom]

"CeX"

lol. I tried to hock my local CeX some block erupters way overprice and nearly managed to convince them to fill the PCs that run their displays with miners.

Plus bitcoinland already has a cex that makes way more money than selling your old tech

[guybrushthreepwood]

Can't wait to see some major player start accepting bitcoin to start the trend here in UK?

Will it be ASDA, Tesco, Currys... ?? Any guesses and why?

Lol it wont be any of them. Those places will be the last to accept Bitcoin.

[gentlemand]

 Until there's a GBP exchange that exists and actually works there won't be any big players. They're not going to wait for Bitstamp to carry out two currency conversions until they get GBP back.

It'll be down to the little people who stay in Bitcoin to make any retail progress here until it changes. The UK is a backwater for Bitcoin which is pathetic considering its standing as a financial hub.

[medUSA]

I just don't think any high street retailer is ready to accept bitcoin yet. Computer Exchange should be perfect to be a pioneer, but they don't seem to be considering it. I believe the next big company accepting bitcoins will just do it for the marketing effect.

[guybrushthreepwood]

Until there's a GBP exchange that exists and actually works there won't be any big players. They're not going to wait for Bitstamp to carry out two currency conversions until they get GBP back.

It'll be down to the little people who stay in Bitcoin to make any retail progress here until it changes. The UK is a backwater for Bitcoin which is pathetic considering its standing as a financial hub.

Well you can buy sell coins in the UK on Bittylicious but I don't know whether you'd call them an exchange or just a place to buy sell BTC, but I don't think doing two currency conversations is such a big deal any way.

[gentlemand]

The volume on Bittylicious is low and it's effectively peer to peer, not an exchange.

I don't think any retailer doing thousands of transactions a day is going to risk waiting for Bitstamp to do a BTC - USD - EUR - GBP conversion when their entire profit margin might only be 1-5% and that could vapourise into a loss instantly. Overstock and anyone else in the US goes straight into dollars.

[guybrushthreepwood]

The volume on Bittylicious is low and it's effectively peer to peer, not an exchange.

I don't think any retailer doing thousands of transactions a day is going to risk waiting for Bitstamp to do a BTC - USD - EUR - GBP conversion when their entire profit margin might only be 1-5% and that could vapourise into a loss instantly. Overstock and anyone else in the US goes straight into dollars.

They will also use a similar payment processor like Bitpay or something else.

[calmindifference]

I would guess at Scan, maybe Ebuyer, as smaller companies with less red tape and catering to a tech aware demographic

[gentlemand]

The volume on Bittylicious is low and it's effectively peer to peer, not an exchange.

I don't think any retailer doing thousands of transactions a day is going to risk waiting for Bitstamp to do a BTC - USD - EUR - GBP conversion when their entire profit margin might only be 1-5% and that could vapourise into a loss instantly. Overstock and anyone else in the US goes straight into dollars.

They will also use a similar payment processor like Bitpay or something else.

But Bitpay is dependent on a USD exchange. We need a GBP one before any large scale adoption can take place.

[guybrushthreepwood]

The volume on Bittylicious is low and it's effectively peer to peer, not an exchange.

I don't think any retailer doing thousands of transactions a day is going to risk waiting for Bitstamp to do a BTC - USD - EUR - GBP conversion when their entire profit margin might only be 1-5% and that could vapourise into a loss instantly. Overstock and anyone else in the US goes straight into dollars.

They will also use a similar payment processor like Bitpay or something else.

But Bitpay is dependent on a USD exchange. We need a GBP one before any large scale adoption can take place.

That's why I said or something else. Trust me, many people will be working on this as we type.

[gentlemand]

Here's hoping.

[piggybank]

The volume on Bittylicious is low and it's effectively peer to peer, not an exchange.

I don't think any retailer doing thousands of transactions a day is going to risk waiting for Bitstamp to do a BTC - USD - EUR - GBP conversion when their entire profit margin might only be 1-5% and that could vapourise into a loss instantly. Overstock and anyone else in the US goes straight into dollars.

Yup, without a real exchange, and a real payment processor, there really can't be a big player accepting bitcoins in the UK.

[guybrushthreepwood]

The volume on Bittylicious is low and it's effectively peer to peer, not an exchange.

I don't think any retailer doing thousands of transactions a day is going to risk waiting for Bitstamp to do a BTC - USD - EUR - GBP conversion when their entire profit margin might only be 1-5% and that could vapourise into a loss instantly. Overstock and anyone else in the US goes straight into dollars.

Yup, without a real exchange, and a real payment processor, there really can't be a big player accepting bitcoins in the UK.

Maybe, but it's fine for smaller retailers. They can just hold the Bitcoin themselves. Maybe they'll see it as an investment.

[gsingh]

Even lots of smaller retailer will work for now. I'm desperately trying to live on bitcoins as much as possible. Thanks to takeaway, gaining some weight  .

[jonanon]

PC World  Would be nice anyway