Post
Topic
Board Bitcoin Discussion
Re: Who will be first major player to accept bitcoins in UK?
by
guybrushthreepwood
on 14/01/2014, 13:14:43 UTC
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.