Scottish Tech Store CeX Drops UK Pound for Bitcoin

Technology exchange and retailer CeX is making waves in the United Kingdom’s bitcoin ecosystem this week, launching a bitcoin-only payments initiative, as well as Scotland’s first bitcoin ATM.

CeX has added bitcoin payments to its website, according to a post on the company’s blog yesterday. To commemorate the initiative, the retailer is undertaking a series of projects, which includes the ATM launch at its Sauchiehall Street, Glasgow, location.

The ATM, built by Lamassu, will charge 0% commission on bitcoin transactions, well below the rate of other similar machines in the UK, to entice shoppers unfamiliar with the young currency.

A two day-long ‘pound-free zone’ will also feature at the Glasgow store from 13th to 15th May, whereby customers will only be able to transact in bitcoin when buying or selling their electronics.