CeX, an online marketplace for buying and selling technology and entertainment products, is now paying bitcoin for used goods on the UK version of its site.
UK-based users are now able to sell products on the website for bitcoin as an option in CeX's shopping cart.
The cart informs users that they will receive the BTC equivalent fair value at the time a good is sold:
Selling items for bitcoin
The decision for CeX to take bitcoin for used goods follows a recent trend in the bitcoin industry.
A few companies now allow users to sell old products for bitcoin. It's an easy onramp for bitcoin newcomers to get some digital currency for products that they no longer want.
However, Glyde functions like a marketplace: a seller's item must be matched with a buyer that wants the product. Also, MintSpare and Glyde are both US-based and focus on that particular market.
Founded in London in 1992, CeX has stores in the US, UK, Spain, Ireland, India and Australia.
According to the company's website, it has 243 physical UK retail locations. The core focus for the company is for customers to buy and sell gaming, phone and computer products.
Some reddit users made it clear that they intend to sell items via CeX to get bitcoin for the first time.
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 offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.