Brit launches first Bitcoin marketplace

Nick Boardman - Mike Magee picEntrepreneur Nick Boardman said he has introduced a Bitcoin online company which uses Bitcoins as its sole currency.

BTXDeals will differ from other etailers by offering a cost per sale that’s lower than 50 percent of charges from Amazon and eBay.

Boardman said that there are no additional or hidden fees.

Vendors can list an unlimited number of items at no charge, and be paid in either Bitcoins or UK pounds.  Boardman said BTXDeals won’t compete with the vendors but on building a secure and price conscious place where vendors can sell their gear.

Boardman said: “As the first of its kind, BTXDeals embraces the potential of Bitcoin and provides a safe, secure and transparent form of online shopping.  We believe this virtual currency will become the future for all e-commerce transactions.”

Customers already include Grange Hotels, Shy Aviation, Sun Mountain Golf, K Bassam Jewellers, Time Square Birmingham and others.  Boardman said the company is in negotiations with a number of other major suppliers. It expects to expand its product and service range over the coming months.

Boardman is well known in the tech business, previous enterprise included Rock Group plc and other ventures.