Somewhere in South London, an organic grocery store is accepting payment for goods in a currency that is not controlled by the Bank of England, and that is transmitted by text from a cellphone.
What may be surprising is that it’s not another trendy store cashing in on the bitcoin bump. Instead, it’s a Brixton shopkeeper taking a local currency that has been in existence since around the same time Satoshi Nakamoto released his fateful paper.
The store is Brixton Wholefoods and its owner is Tony Benest, a 30-year resident of the South London neighbourhood. Benest recently signed up so that his shop could accept the local currency, the Brixton Pound, by SMS. He said:
February 09, 2014 at 11:41AM
