Leading UK Computer Retailer 'Scan' Accepts Bitcoin

Scan Computers has started accepting bitcoin, making it the first major PC retailer in the UK to do so.

AccessTimeIconFeb 7, 2014 at 11:22 a.m. UTC
Updated Sep 14, 2021 at 2:09 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Scan Computers has started accepting bitcoin payments, making it the first major PC retailer to accept the cryptocurrency in the UK.

is a bit more than your average PC retailer. It is a big player in the channel, it is one of the biggest sellers of high-end computers in the UK and it builds a range of pre-overlocked rigs for enthusiasts.

A crypto love affair

Since it caters to a geeky user base, Scan quickly recognized that digital currency was an interesting trend to cash in on.

As a result, the retailer decided to start selling mining rigs under its own 3XS brand. So far, the effort has been limited to litecoin miners (the rigs are essentially PCs configured to mine litecoins).

Scan’s James Gorbold told PCR Online that the company is also evaluating other digital currencies like litecoin, but for the time being it is only accepting bitcoins. He added:

"Our customers want to spend bitcoins, we want to embrace that and allow our customers to pay how they want to. It's the next logical step forward, from cash to cheque and payment cards."

Plenty of potential

Gorbold said Scan likes to think of itself as an innovator, and that he believes it is the first company in the sector to embrace bitcoin. He added that Scan is excited about the potential of bitcoin and doesn't want to follow the crowd – it wants to try out new ideas.

Like many other retailers, Scan uses BitPay to handle payments.

 displaying the announcement.
displaying the announcement.

Users simply need to choose bitcoin as their payment method, complete the order with bitcoin and BitPay will take care of the rest. It will convert the value of the order and the buyer can then either scan the QR code or manually transfer the amount to the displayed wallet address.

The transaction requires six confirmations, it is also possible to cancel orders and receive refunds using the exchange rate at the time of refund.

British merchants are doing quite well in cross-border sales. Britain is not in the Eurozone and since 2008 the GBP/EUR exchange rate has worked in the nation's favour.

In many cases it is cheaper to buy and ship a computer or high-end graphics card from Britain than it is to buy one in many Eurozone members. Digital currencies have the potential to make British e-tailers even more competitive.

Disclaimer: CoinDesk founder Shakil Khan is an investor in BitPay.

Computer Image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.