[2014-10-22] Telegraph: CeX to adopt Bitcoin across the UK

[botany]

CeX to adopt Bitcoin across the UK

http://www.telegraph.co.uk/technology/news/11169814/CeX-to-adopt-Bitcoin-across-the-UK.html

Second-hand electronics retailer CeX will support Bitcoin for purchases and sales at all of its centrally-owned shops in the UK from Wednesday, which it claims is the largest adoption of the digital currency on the UK high street so far.

.... CeX will also hold Bitcoin at a central level, bucking the trend for retailers to immediately exchange their crypto-currency for US dollars or British pounds.

In this case, increased adoption will not necessary lead to downward pressure on prices. 

[yatsey87]

Wow, that's great news. I have quite a lot of things to trade in there and was going to get store credit like I normally do but I might go for bitcoin now as if I hold it for a bit it'll likely turn into a decent investment so eve more bang for my buck.

[Lethn]

That's awesome, I can't wait to see more stores accept Bitcoin, just need it to happen to places I regularly shop at now.

[Mudd]

This is great news and a really easy way for people in the UK to get their first bitcoins. Think I might have a tidy out just to see what I can trade in for some bitcoins.

[LiteCoinGuy]

the CEO is a true believer i guess 

[PatMan]

Wait a few weeks, the UK Banksters will put the squeeze on them until they drop it.......guaranteed.

[botany]

Wait a few weeks, the UK Banksters will put the squeeze on them until they drop it.......guaranteed.

All we need is one bank which is bitcoin friendly.
I expect one small bank to break away from this cartel against bitcoin. Whichever bank does this will have a huge head start in the bitcoin economy.

[hilariousandco]

Great news. Been a big fan of Cex for years. Especially interesting that they're apparently keeping hold of the bitcoins. I wonder how they pay you for your stuff in bitcoins? Do they print some kind of receipt off with your bitcoins on or do they send it directly to your address via a QR code or something?