LinksDAO and Spey Bay Golf Club

LinksDAO, a golf business run by a decentralized autonomous organization, is considering making a bid to buy the recently placed up for sale Spey Bay Golf Club in Scotland, which is estimated to be worth approximately $900,000.

After a few weeks of informal discussion, the proposal vote was officially opened on February 20 by LinksDAO, which describes itself as a “global group of golf enthusiasts” with the goal of building the “world’s greatest golf community.” This event followed the official opening of the vote on February 20.

It would be the very first time that the DAO has ever purchased a golf course.

At the time this article was written, more than 88 percent of the 4,100 LinksDAO tokenholders had already voted in support of the proposal. The voting period will officially end on February 22 at 12:00 p.m. Eastern Time.

The proposal stated that the LinksDAO acquisition committee will meet with the relevant parties required to construct a “compelling offer” for the purchase of the club “with the full intent of successfully purchasing the golf course” in the event that the final tally remains in favor of the purchase.

The authors of the proposal, who identified themselves as “Bez,” “Jim,” “cbruce,” and “nickwalkermsu,” explained that even though the majority of the DAO’s research efforts have been focused on locating an appropriate golf course purchase in the United States, “this listing was too special to ignore.”

“During the course of our hunt for a golf course to buy, we came across a potentially advantageous piece of real estate in Scotland known as the Spey Bay Golf Club. The purpose of this vote is to decide whether or not we should proceed with making an offer and working toward purchasing the course.

The writers also said that the course is “playable now,” and they mentioned that the course’s high ceiling in comparison to its inexpensive price makes it a worthwhile investment.

According to the authors’ explanation, “even a price that is quadruple the ‘recommended price’ would be lower than most subpar courses we have reviewed so far in the United States.” 


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Scottish Roofing Firm’s Business Soars after Enabling Cryptocurrency Payments

Kaeleb Mckay, a Glasgow rooftop company CEO recently told the British press that his business had seen soaring numbers since customers started paying in crypto. In addition, he said that more of its customers, including retirees, are willing to pay with crypto. 

Pensioners Paying In Crypto

Kaeleb Mckay, who runs a roofing company with his father, Cameron, also said that he had been surprised by the people who use cryptocurrency with his firm’s crypto customer base, including pensioners.

The 20-year-old Scot entrepreneur from Wishaw in Lanarkshire said they have been accepting crypto for a while. Since 2014 he has had a personal interest in trading cryptocurrency, which is ideal for business because payment is instant.

The young businessman said that he did a roof repair for about £500 in November for a pensioner in her late 60s in Glasgow, and she said she wanted to pay in Bitcoin. Other pensioners have shown a lot of interest too. Another individual also paid £180 in Ethereum for an emergency roof repair in the last few weeks.

ASAP Roofing and Building Ltd began accepting cryptocurrency last year and is now taking several major coins, including bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), dogecoin (DOGE), litecoin (LTC), and XRP, according to its website.

Crypto Adoption Eases Payment

Most Scottish companies that accept cryptocurrency payments are large tech companies. However, many small businesses such as ASAP Roofing have also decentralized digital money to substitute for fiat cash.

Tech expert Guy Cocker recently said that increasing numbers of businesses would adapt to the tender.

He added that several people and emerging businesses are more than willing to take this type of payment to drive their success. But, for many, it ticks a lot of boxes as a payment method.

It’s Here to Stay

Cryptocurrencies are traded over the internet without a central bank. Instead, it uses decentralized tech that allows secure payments and public transaction records, making it difficult to use them fraudulently.

Pensioner cash which is also identified as the grey pound, has been increasingly targeted by crypto firms.

At the beginning of the year, the Advertising Standards Authority banned the firm Coinfloor for an ad that targeted pensioners investing in Bitcoin, labeling it “irresponsible.”

Kaeleb added that people should spend a bit of time researching their options, but he had personally made some significant investments in cryptocurrency. Their value can fluctuate wildly, creating huge winners and losers, but they are here to stay.

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Scottish music school accepts cryptocurrency as payment for lessons

A Scottish music school will begin accepting cryptocurrency as tuition payment following demand from students, it was announced this week. The Morningside School of Music in Edinburgh said it was responding to suggestions from adult pupils in the school, many of whom now work in the city’s burgeoning fintech sector.

Morningside’s director, Linda Boyd, said the school had previously used cryptocurrencies like Bitcoin (BTC) to make business purchases and could see the utility in accepting it as a form of payment. 

She said, “We sometimes use things like Bitcoin to pay for goods for the school, so we know how fast and easy it is and want our music students to be able to do the same.”

Boyd said the school’s decision to accept cryptocurrency was an example of a small business following the recent example set by large businesses, adding that it simply represented a viable alternative payment method.

“Some larger companies across the world are already doing this, so it’s just a matter of time before smaller businesses like ours start doing the same. It’s just about giving our customers another way of paying and making life easier for them.”

Boyd referenced the capital city’s growing fintech industry, noting that many requests for the school to accept cryptocurrency came from people working in that area.

“Edinburgh’s got a big fintech industry and many of our pupils work or study in that sector, so for them this is a perfectly natural way to pay,” Boyd said.

The financial technology industry has been on an upward trajectory in Edinburgh since 2019. FinTech Scotland, which operates in conjunction with Edinburgh University, was recently awarded a £22.5 million ($30.9 million) grant to establish a Global Open Finance Centre of Excellence in the city, in recognition of its status as a prominent national fintech cluster.

Boyd said cryptocurrency payments for a range of goods and services would become commonplace in the near future.

“Cryptocurrency is here to stay and will eventually become a routine way for people to pay for services of all descriptions,” she said.