Bitcoin retail revolution still long way off, says Eversheds’ Fiona Ghosh
She said: ‘While it is unsurprising that Bitcoin is gaining in popularity, both in the online and offline world, I would still expect that the majority of traditional retailers, i.e. those with a bricks-and-mortar presence, will continue to stay clear of experimental or virtual currencies for some considerable time.’
According to Ghosh, this is because virtual currencies continue to be unrecognised as valid legal tender. ‘Given the ever-growing tight margins and pressures facing the retail world, I very much doubt that the majority of retailers would wish to add volatile and experimental “money” into their risk profiles in any major format.’
