ZipZap to Offer Cash-for-Bitcoin Service at 28,000 UK Locations

UK residents will be able to exchange their cash for bitcoins in 28,000 shops across the country.

AccessTimeIconDec 6, 2013 at 10:51 a.m. UTC
Updated Sep 2, 2021 at 11:48 a.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

UK residents will soon be able to walk into one of 28,000 shops across the nation and pay for bitcoins in cash, thanks to a new deal forged by ZipZap.

The global cash payment network has partnered with a well-known but as-yet-un-named company in the UK. ZipZap plans to offer this service in partnership with its network of bitcoin exchanges worldwide.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • This means that, from January, people will be able to buy bitcoins from a number of reputable exchanges through a single source, and pay in their neighbourhood with physical cash.

    ZipZap is currently available at 700,000 locations worldwide: offering consumers the opportunity to pay in cash for goods ordered online.

    The company is looking to start offering its cash-for-bitcoins service in the UK in early January. While the service will initially launch in 28,000 locations across the nation, it hopes to expand continuously.

    Eric Benz, VP of business development EMEA at ZipZap, said:

    "We're excited to be able to offer a simple way for the everyday consumer to use their cash to buy bitcoins."

    "Bitcoin is becoming more and more popular, but the ease of access to digital currency hasn't really improved. We want to change this so that everyone, regardless of how tech-savvy they are, can get involved in bitcoin," he added.

    The company aims to expand to the rest of the EU, Africa, Asia and the Middle East, eventually growing to offer its services at over two million locations across the world.

    ZipZap's management team has a long history in the payments space, with experience at Western Union, MasterCard, Wells Fargo, Bank of America and CardEx.

    "This means we are uniquely positioned to deal with compliance and regulatory considerations," said Benz.

    Disclosure

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

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    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.