Storage Vault of Scotland to Accept Bitcoin for Self Storage Payments

Storage Vault Ltd. is now accepting Bitcoin as a form of payment from customers. The cryptocurrency will be acceptable in CoVault, the company’s flexible-workspace division, according to a press release.

Storage Vault accepting Bitcoin as a payment option because of its benefits and to offer more payment choices for tenants. Company officials believe cryptocurrency will become more common in future.

We are the first self storage and workspace business in the U.K. to accept Bitcoin.”

Bitcoin was invented in 2008. It is not controlled by a bank or administrator. Rather, it’s sent on a peer-to-peer network, with transactions verified by network nodes through cryptography. The deals are recorded in a public distributed ledger called a blockchain.

“I’m delighted to see the Storage Vault team being so forward-thinking and following the lead of the great Elon Musk on this, which focuses on electric vehicles and clean energy. “I’ve been a fan and investor in Bitcoin for over six years now and I’ve seen it develop from being seen as a crazy concept to a serious global currency. We are the first self storage and workspace business in the U.K. to accept Bitcoin. We may even be the first in the world” Said by John McGlynn, founder of Scottish Capital Partners Ltd., which owns Storage Vault.

Storage Vault operates self storage in Bishopbriggs, Cambuslang, Coatbridge, Dundee, East Kilbride, Kilmarnock, Glasgow, Livingston, Paisley and Stirling. It also offers flexible and furnished workspaces at separate properties in Glasgow, Grangemouth, Livingston and Paisley.


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