Scottish-based cryptocurrency ‘Scotcoin’, which has been released with a limited supply of 1 billion units, is being accepted by The Arlington Bar in Glasgow – the first Scottish business to take the digital currency. At 155 years old, the pub is keeping up with modern times by adopting Scotcoin, albeit only for a specific drink. Scotcoin itself was established in August 2013 and had its own native blockchain in February 2014 before moving onto Counterparty platform in December 2014.
Beginning on St Andrew’s Day (when else!) the bar allowed customers to use Scotcoin to purchase its ‘Stone of Destiny’ lager, named after the block of red sandstone used in the coronation of monarchs in Scotland and England. Also known as the Stone of Scone or the Coronation Stone, it was taken from Scotland by King Edward I and stolen back on Christmas Day in 1950 by four Scottish students who celebrated at the Arlington Pub when they returned. The pub still claims to have the original Stone of Destiny on display, with the one that was returned to England (and then later given back to Scotland) being a replica. Next time I’m up in Scotland I’ll be heading in for a pint!