Second-Hair Shop will open in Glasgow, Scotland, according to its founders.
The Bitcoin store, which will accept Bitcoin for a fee, will be a bitcoin mining and trading hub, it announced on its website.
“The second-hairs shop is our first business to open a second-handed shop and we will be expanding into other parts of the UK in the coming weeks,” the founders wrote.
“As the Bitcoin industry is exploding, so is our business.
It’s time for us to grow in the new Bitcoin age.”
The shop is located in the basement of the First National Building, on the corner of King’s Road and the Strand.
The shop’s website shows it is only a short walk from the Scottish Parliament.
Ahead of the launch, the Bitcoin community was excited about the new location, which would make it easier for those wanting to buy or sell digital currency.
“This is a great new opportunity for us, and a fantastic chance to make a positive difference to people’s lives through our service,” the site states.
“We are hoping that it will be the start of a long and exciting relationship for us and will be an asset to the community as we continue to build.”
In August, the Scottish government announced plans to launch a digital currency payment system, but did not specify a date.
The UK has seen a flurry of bitcoin activity, with more than 70,000 new Bitcoins and ether being traded in the first six months of 2017.
At the time, the price of a single Bitcoin hit a record high of £8,037.
The Scottish government has yet to announce whether the second-Hairs shop will be part of that scheme.
In October, Bitcoin price surged past the $10,000 mark, with the value of Bitcoin trading at a record $11,929.