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Bitcoin exchange UK - First UK Bank to accept

Further steps towards the endorsement of Bitcoin as a currency by both USA and UK governments with the opening of a Bitcoin exchange in UK and the Bitcoin Auction in the USA.

Bitcoin exchange UK – City of London based Bitcoin exchange coinfloor.co.uk now has a bank account in the Isle of Man. RBS – UK government owned & connected to the faster payments network (RBS is probably in need of every source of income it can get).

This coincides with yesterday’s US Marshals Service (USMS) auction of 29,000 bitcoins confiscated from Silk Road last year. A number of parties have stated that they took part in the auction but bids as high as $650 were insufficient. The Bitcoin price at the time was around $610. This morning the bitcoin market price is up to around $650 with rumours on Twitter that it could go as high as $900 (don’t buy based on what I’m saying here 🙂 )

The real news is the effective endorsement of Bitcoin as a currency by both the US and UK governments. A Bitcoin exchange in the UK it is of particular interest as hitherto you have had to buy and sell Bitcoins offshore.

The fact that the IOM based offshoot of RBS is involved does point to a tentative first toe dip in the Bitcoin water by UK Gov. Further endorsement comes from the fact that Bitcoin is actively monitored by Google’s Finance ages – see featured pic/screenshot. Today’s GBP is £386 which is up 32% from when I bought my Bitcoin.

Bitcoin is becoming accepted by more and more businesses. I note that today US online electronics outlet Newegg is now taking the currency. I might even consider taking payments for ads on trefor.net in Bitcoin. Watch this space for further news on this.

You might have heard it first on trefor.net:)

Bank account details (not all but I have them):

Account Name:  Capital Account
Bank Name: Royal Bank of Scotland
Account Number: ********
Sort Code: 16-58-80
IBAN: ****************
SWIFT / BIC: RBOSIMDX

Published by Trefor Davies

Liver of life, father of four, CTO of trefor.net, writer, poet, philosopherontap.com

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