Saturday 21 April 2018

First bitcoin machine opens in UK

London, March 8, 2014

Britain's first machine for dispensing digital currency opened in a cafe near "Silicon roundabout" tech hub in east London on Friday, offering customers the ability to exchange bank notes for bitcoins.

Old Shoreditch Station cafe group managing director Nick Letchford decided to install the machine after noticing the popularity of bitcoins among his customers working nearby in the digital industries.

"It gets used regularly based on where we are located," he said. "There are lots of technology-orientated consumers within our area, and it caters very easily for them," he said.

"Currently people are buying coffees with bitcoins," he said.

He sees a mainstream future for the virtual currency, even though the top bitcoin exchange has collapsed and the currency has been volatile due to speculation as well as prone to criminal activities.-Reuters

Tags: UK | bitcoin |


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