Bitcoin is a cryptocurrency. It is one of the newest forms of currency, and it is spreading rapidly around the world. Learn more about what Bitcoin is and how you can use it to buy some sweet souvenirs from London!
Can you spend bitcoin in London?
With Bitcoin being so new, there are still many merchants who don’t accept this form of currency – but there are some who do. A good tip when considering cryptocurrency as a form of payment – you should keep a eye on cryptocurrency market prices.
Here are some shops in London where you can spend your Bitcoin:
1) Fifth Dimension Tattoo and Piercing
Admittedly, this is a niche offer; however, tattooed crypto fans can add to their body art and accessorize at the Fifth Dimension Tattoo & Piercing company.
Based in Shoreditch, the studio often hosts guest tattoo artists and is quickly gaining a reputation for high quality vegan ink tattoos and piercings.
2) Totemic Hair
Continuing with the theme of appearance, it is now possible to book and pay a mobile hairdresser in Bitcoin to come to your central London office to cut your hair. This is a growing service that deserves your attention.
Launch of luxury fashion brand Off-White accept payment with cryptocurrencies in April 2022. Accepted coins include Bitcoin, Ethereum, Binance coin, XRP, Tether and USDC from Circle. Off-White has partnered with Luna, which will provide the technology to bridge the gap between crypto and fiat currencies. Luna provides a widget which conducts live auctions to determine the live price of cryptocurrency in the target fiat currency, for example, Stirling. Once the crypto is converted to fiat, the retailer receives the correct amount.
There are independent arbitrageurs to ensure that the process goes smoothly and accurately. This represents another signal that cryptocurrency is about to enter the mainstream.
4) Philipp Plein from Mayfair
The shop by the famous designer Philipp Plein accepts Bitcoin. The fashion icon, known for her flashy style and bold designs, has agreed to accept cryptocurrency.
Initially, the store will open as a pop-up store with plans to become a permanent fixture offering high-end fashion in fall 2022. Customers can check prices using QR codes found on products in store. 5% of sales are expected to be made using a cryptocurrency; this corresponds to their experience of selling online.
It’s not just stores in London that you can support by spending your Bitcoin with them. For example, it is possible to find small London-based artists, artisans and independent traders who accept Bitcoin as payment for their products.
Currently, it is not possible to pay directly on the Amazon site with Bitcoin. However, you can buy Amazon gift cards using vscryptocurrency as a means of payment. Once you have purchased an Amazon gift card. then you can pay any retailer or merchant using Amazon Marketplace; this includes all London-based businesses using the platform.
Who doesn’t want a Starbucks to help revive you when visiting a city like London? This is now possible when using an app like SPEDN Where Flexa to buy hot drinks and snacks.
Bitcoin has a bright future, and more retailers and businesses are expected to start adopting cryptocurrencies for payment of goods and services.
. places where you can spend your Bitcoin London