[2014-05-13]CeX adopts Bitcoin

[italovers]

We’re proud to be first national UK retailer adopting Bitcoin, adding it permanently to webuy.com. Yes, you can now buy with Bitcoin and sell your old gadgets, phones and games for Bitcoin on webuy.com in the UK.

To celebrate the online launch we have turned our Glasgow Sauchiehall Street store a pound free zone from 13 to 15th May and introducing Scotland’s first Bitcoin ATM, only the 4th in the UK. We’re excited to run such an innovative trial. Like you, we live and breath technology so it’s only natural we looked at Bitcoin as a choice to offer you when you buy and sell games, phones, gadgets and films.

What is Bitcoin?
Put very simply, it is a new form of money that works extremely well on the Internet.

Is it easy to use?
Yes. It's much easier than other online payment systems. In many cases you simply click a link and confirm that the transaction is correct. On smartphones people tend to use QR codes because it's easier.

Want to know more? Visit the UK Digital Currency Association splendid guide here.

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[hilariousandco]

I was just wondering if there's a legal problem with only accepting Bitcoin? Are they actually refusing to accept GBPs? I don't know if the law is different in Scotland, but I don't think a business can refuse to accept legal tender unless it's counterfeit etc. I dont know how well this decision will go down with their customers too. I know the store has an ATM, but will most people be bothered to use it? I guess this is all good and free publicity for the store, but I hope it doesn't backfire for them.

[bryant.coleman]

Do they accept Bitcoin from international buyers also? For example, here is my local site:

https://au.webuy.com/

But in this site, the prices are displayed only in AUD.

[hilariousandco]

The prices are not displayed individually but the option to pay in Bitcoin becomes available at checkout. To see if the Australian one accepts them just add something to your cart and check.

[barney_stinson]

It is great!
I have a few old gadgets which I would like to sell with Bitcoin

[murraypaul]

I was just wondering if there's a legal problem with only accepting Bitcoin? Are they actually refusing to accept GBPs? I don't know if the law is different in Scotland, but I don't think a business can refuse to accept legal tender unless it's counterfeit etc.

Businesses are free to accept or not accept any form of payment they wish for sales.
They cannot refuse to accept legal tender as payment of debt.

[guybrushthreepwood]

I was just wondering if there's a legal problem with only accepting Bitcoin? Are they actually refusing to accept GBPs? I don't know if the law is different in Scotland, but I don't think a business can refuse to accept legal tender unless it's counterfeit etc.

Businesses are free to accept or not accept any form of payment they wish for sales.
They cannot refuse to accept legal tender as payment of debt.

But isn't a sale a form of debt. I always thought it ment you intend to purchase an item from someone, and they give you it, but then you now owe them the money, which you then settle the debt by paying with it in cash?

[murraypaul]

But isn't a sale a form of debt. I always thought it ment you intend to purchase an item from someone, and they give you it, but then you now owe them the money, which you then settle the debt by paying with it in cash?

No, it is a sale, you exchange money now for an item or service now. There is no sale until they have accepted your payment, so if they don't accept cash, there can never be a debt to extinguish.
A debt would be if you received an item or service now, and agreed to pay for it later.