Founded in 1930, Tooting Market Located in South London, this iconic indoor market is the UK’s first food market.
It has received the following accolades: The best little indoor market At the 2017 Great British Market Awards, Tooting was Lonely Planet’s “Favourite lesser known neighbourhoods in the world’s great cities”‘
And now we also accept payments in Bitcoin.
Bitcoin Integration
A local Bitcoin enthusiast, known as an anonymous Bitcoin enthusiast. Hashley Gileshas successfully introduced Bitcoin payments in the market.
cooperation Bridge 2 Bitcoin According to PayPal, a UK-based company building a circular economy for Bitcoin, eight merchants, including restaurants, bars and record stores, will begin accepting Bitcoin on June 18, 2024.
The event was attended by prominent members and organizations of the Bitcoin community. Commerce Block, Mercury layer, Coin Share, ShibukitBitcoin Core Developer, Pleb Undergroundand Lightning Network Developer.
Impact and future outlook
The initiative could mark a pivotal moment for Bitcoin adoption in the UK.
Local merchants appreciate the simplicity and permissionless nature of Lightning Payments, which offers a solution to the banking challenges facing cash-based businesses.
Nicholas Gregory, leader of Mercury Layer & Civkit, highlighted the potential impact.
“Local initiatives like this are important for Bitcoin,” Gregory explained. “The more traders who accept Bitcoin, the more we can encourage states to recognize it as a legitimate form of payment, making it easier to use from a tax-efficient standpoint.”
Britain’s Bitcoin Beach Moment
This could be the UK’s Bitcoin Beach moment, mimicking the success seen in El Zonte in El Salvador.
Bitcoin Beach transformed El Zonte into a center for Bitcoin adoption, which eventually led to Bitcoin being recognized as legal tender in El Salvador.
Tooting Market could similarly become a mecca for Bitcoin adoption in the UK, encouraging wider acceptance and use of Bitcoin across the country.
Tooting Market sits at the intersection of tradition and modern innovation, exemplifying how local communities can drive the adoption of new technologies like Bitcoin.
Its blend of historic charm and cutting-edge finance could set a precedent for other area markets.
