Feel like Grabbing a Pint? Glasgow Pub Starts Accepting Scotcoin

If you recently took our advice to purchase Scotcoin for a much lower price, well you might now be wondering where exactly you can use your cryptocurrency in Scotland, and luckily it is accepted in one of the most important places you’ll be this week, the pub!

As of November 2016, The Arlington in Glasgow is the first pub in the country to accept Scotcoin as an official payment method. You will only be able to use it on their own branded lager called Stone of Destiny, but we are sure most of you won’t be thinking of that as too much of a negative while you are watching the UEFA League Final next week!

Scotcoin users can pay for their beer with Scotcoin in The Arlington from Monday to Thursday every week, and over time we are sure they will expand on this as the digital currency continues to grow. While it is currently too difficult for the pub to accept Scotcoin for everything, their Stone of Destiny has been a great place to start, and hopefully, the pub will start to accept the digital currency for more goods in the future.

We saw during the referendum that the issue of currency was a major factor in the public’s decision making. Will we have our own currency? Will we stick to the pound? Change to the Euro? Well, the great thing about a digital currency like Scotcoin is that it could be the answer to all of these questions. As we have seen in recent weeks, Bitcoin is continuing to grow throughout the world as its buying price rose dramatically, displaying the high demand that this form of currency currently has in our society today. This also means that there is no reason why we should not see a big rise in the value of Scotcoin over the next few years to come.

Having only been established in 2013 by venture capitalist Derek Nisbet, Scotcoin has gone from strength to strength, and proved itself to be anything but a novelty currency, and its use is even predicted to be seen as the norm in Scotland as soon as this year. It was also only reported last September by the New Economic Foundation think tank that a cryptocurrency backed by the Scottish Government would be the best form of currency to use in Scotland, alongside sterling, as this would increase purchasing power, thus substantially improving the economy at the same time.

Scotcoin and Bitcoin are both operated on a not for profit basis and have no direct links with banks or governments, which all traditional currency does. This gives the public the opportunity to take their money back into their own hands, instead of relying on banks to handle it. Which we’re sure everyone would feel much safer about!

We are confident that the more businesses who sign up to accept Scotcoin for their goods, the easier it will become to use your cryptocurrency everywhere in the future, so enquire today and see if your business is a good fit to accept Scotcoin.



Are Altcoins Overtaking the World of Bitcoin?

Bitcoin has been consistently labelled as the future of digitalised money, as it allows people to pay for goods and services without the need to involve banks or own physical currency. With pretty much all technology moving online now, why not money too? But the real question is whether Bitcoin is the best option for buyers to invest in.

Is Bitcoin the Best Cryptocurrency Option?

As we mentioned in our previous post, the markets for cryptocurrency are always changing and while Bitcoin is riding high now, there are no guarantees. Furthermore, although the currency has experienced both growth and slumps over the years, there is still no easy way to use it in major stores.

While the founder of Bitcoin has always been the mysterious Satoshi Nakamoto, this week has seen the apparent owner come forward to claim the company. Australian entrepreneur, Craig Wright, has claimed he was the one to invent the digital currency and wants control back to run the operation.

The problem with this now is that many people do not believe his claims as there have also been others in the past who have wrongly claimed they are the masterminds behind the currency. This leads to a sense of distrust with potential Bitcoin buyers as there only seems to be someone taking responsibility for the currency when it is doing well, which is currently at between $400 and $450. However, what happens when the Bitcoin depreciates in value? Do you trust your hard earned cash will be in safe hands then? Additionally, Wright stepping up only further confuses matters at the Bitcoin camp as there is an ongoing struggle over what direction to take the currency in and what new technology to develop alongside it as the company has resisted the adoption of new, advanced technology to improve its use.

 Why Choose Scotcoin?

Although Scotcoin is primarily distributed in Scotland for now, this can potentially change in the future as more people buy and use it. While Bitcoin is still the leading cryptocurrency, very few people actually possess much knowledge on the subject, and this is where using a national brand such as Scotcoin is a great alternative. Most of us are not entirely interested in what a currency’s Bittrex value is at that moment time, we want to know what exactly we can do with it instead! After all, how often do we compare foreign currency rates to the pound? More often than not we don’t at all, hence why the focus of Scotcoin is to expand where buyers can use their cryptocurrency.

You can also put a name, face, and responsibility behind the branding of Scotcoin with director Willie Fleming, while this is not possible with Bitcoin as of yet.

As more and more altcoins appear each year, the goal of toppling the massive Bitcoin seems closer than ever before with their market capitalisation percentage decreasing by a massive 16% since 2013, while Altcoin trading volume percentage is at an all-time high. This suggests that it would be wise to not invest your money in Bitcoin, but base your choice in the statistics instead, and choose Scotcoin as your preferred cryptocurrency!