{"id":234192,"date":"2024-06-19T17:39:19","date_gmt":"2024-06-19T17:39:19","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/19\/bitcoin-now-accepted-at-south-londons-tooting-market\/"},"modified":"2025-06-25T17:16:41","modified_gmt":"2025-06-25T17:16:41","slug":"bitcoin-now-accepted-at-south-londons-tooting-market","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/19\/bitcoin-now-accepted-at-south-londons-tooting-market\/","title":{"rendered":"Bitcoin Now Accepted At South London's Tooting Market"},"content":{"rendered":"

[ad_1]
\n<\/p>\n

Established in 1930, Tooting Market<\/a> in South London is an iconic indoor market and the UK’s first food market.<\/p>\n

It has garnered accolades such as Best Small Indoor Market<\/a> at the 2017 Great British Market Awards and Tooting is listed among Lonely Planet\u2019s \u2018Favorite Lesser-Known Neighborhoods In The World’s Greatest Cities.<\/a>‘<\/p>\n

And now it accepts bitcoin payments.<\/p>\n

Bitcoin Integration<\/h2>\n

Local Bitcoin enthusiasts, led by a pseudonymous Bitcoiner known as Hashley Giles<\/a>, have successfully introduced bitcoin payments at the market.<\/p>\n

With support from Bridge 2 Bitcoin<\/a> (UK-based Bitcoin circular economy builder), eight merchants \u2014 including restaurants, bars, and a vinyl record store \u2014 started accepting Bitcoin on June 18, 2024.<\/p>\n

This event saw participation from notable Bitcoin community members and organizations such as CommerceBlock<\/a>, Mercury Layer<\/a>,\u00a0CoinShares<\/a>, Civkit<\/a>, Bitcoin Core developers, Pleb Underground<\/a>, and Lightning Network developers.<\/p>\n

\n

Some restaurants and bars at Tooting Market now accept bitcoin.<\/figcaption><\/figure>\n

Impact and Future Prospect<\/h2>\n

This initiative could be a pivotal moment for Bitcoin adoption in the UK.<\/p>\n

Local traders appreciate the simplicity and permissionless nature of Lightning payments, which offer a solution to banking challenges faced by cash-based businesses.<\/p>\n

Nicholas Gregory, lead at Mercury Layer & Civkit, highlighted the potential impact.<\/p>\n

“Local initiatives like this are key for Bitcoin,” explained Gregory. “The more traders accept Bitcoin, the more we can push the state to recognize it as a legitimate form of payment, making it easier to use from a tax efficiency perspective.”<\/p>\n

\n

Certain merchants at Tooting Market now accept bitcoin.<\/figcaption><\/figure>\n

Bitcoin Beach Moment for the UK<\/h2>\n

This could be the UK’s Bitcoin Beach moment, emulating the success seen in El Zonte, El Salvador.<\/p>\n

Bitcoin Beach transformed El Zonte into a Bitcoin adoption hub, eventually leading to Bitcoin being recognized as legal tender in El Salvador.<\/p>\n

Tooting Market could similarly become a mecca for Bitcoin adoption in the UK, driving broader acceptance and usage of Bitcoin across the country.<\/p>\n

Tooting Market stands at the intersection of tradition and modern innovation, exemplifying how local communities can drive the adoption of new technologies like Bitcoin.<\/p>\n

This blend of historical charm and cutting-edge finance could set a precedent for markets in other regions.<\/p>\n

[ad_2]
\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

[ad_1] Established in 1930, Tooting Market in South London is an iconic indoor market and the UK’s first food market. It has garnered accolades such<\/p>\n","protected":false},"author":1,"featured_media":234193,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[172],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/234192"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=234192"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/234192\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/234193"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=234192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=234192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=234192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}