Tooting Market now accepts Bitcoin payments
Established in 1930, Tooting Market in South London, known as Britain's first food market, has started accepting Bitcoin payments. This initiative was launched by local Bitcoin enthusiasts, led by an anonymous Bitcoiner with the pseudonym Hashley Giles, and supported by the organization Bridge 2 Bitcoin.
As of June 18, 2024, eight merchants, including restaurants, bars and a record store, have offered the option to pay with Bitcoin.
Potential impact on state recognition
Nicholas Gregory of Mercury Layer & Civkit highlighted the potential impact of this local initiative, suggesting that increasing acceptance of Bitcoin by merchants could potentially lead to government recognition, which would bring tax benefits. This development is reminiscent of the Bitcoin Beach project in El Zonte, El Salvador, which eventually led to Bitcoin being recognized as an official means of payment there.
Potential precedent for wider Bitcoin adoption
Combining historic charm with modern innovation, Tooting Market could set a precedent for wider Bitcoin adoption in the UK.
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