A new crypto-currency is gaining momentum in the UK and other markets as the world grapples with the Brexit vote.
Read moreTerrycloth and clothes retailer ClothesandSales.co.uk has been the first UK retailer to launch a sale of cryptocurrency-based clothing.
The store’s CEO, Terry Cotton, said the launch is part of a trend in the market where the average Briton is now buying more clothes in 2018 than they did last year.
“The last year has seen the UK overtake the US and China to become the second-biggest seller of clothing in the world, behind only the US,” he said.
“It’s also the biggest buyer of cryptocurrency in 2018.”
The UK’s clothing industry is booming, with the country now being the world’s fourth-bigest market for fashion exports after China and Germany.
The UK also continues to attract more customers from Europe and the US than it does from the rest of the world.
“We’ve seen a massive increase in demand for UK clothing over the last year, with many people looking for a quality product to wear,” Cotton said.
“It’s been an interesting year to say the least.”
Cotton said the company had already seen a significant amount of demand for its clothes on social media.
“This was largely due to the strong growth in demand across social media and the increasing availability of new products from the likes of Cotton UK and online retailers,” he added.
“As the demand for our products continues to grow, we’ll continue to be able to offer more and more.”
Terry Cotton and Clothes and Sales are the first to launch their crypto-coupon sale, which will be available to anyone in the U.K. until the end of September.
ClothesandSales.co has partnered with a UK-based online retailer called The Clothes Room, which has launched a special Crypto Coupon Offer.
The ClothesRoom’s offer, which is currently available in the United Kingdom, allows shoppers to purchase a shirt, trousers or pants from any of the company’s UK-listed brands for £5 ($6.50) using a single Bitcoin.
Terry, who is based in London, said it was great to be partnering with such a popular brand like The Clocks Room and it was a way to give back to the community.
“I’ve been involved in the clothing industry since 2006, when I started working at the UK’s largest chain of independent boutiques,” he explained.
“My passion for the industry stems from the simple fact that it’s a very social business, and I’ve always been passionate about helping people make the most of their time and money.”
Terrian Cotton is the CEO of Clothes & Sales, which makes clothes for men and women.
He said the new crypto coupon offer has been a big success and he hopes to continue to see the company grow.
“Clothes &Sales has a huge following in the community, and with the launch of the Crypto Coupons, we have been able to give a lot of value to our loyal customers by raising a new round of funding, which brings our total funding to a total of over £10 million,” he continued.
“With this funding, we’re able to launch another Crypto Couponing offer in 2018, and continue to grow our business and grow our customers.”
Terri Cotton said he has a long way to go before he is able to grow the business into something he can be proud of.
“Our biggest challenge right now is that our core team of 15-20 people is based around our office, and our customers and potential customers are based across the world,” he revealed.
“We’re only able to support one customer base at a time.”
The ClocksRoom offers a wide range of clothing for men, women and children.
It also offers a range of accessories, including shoes, hats and scarves, for men.
Terri, who has lived in the US since 2010, said he was delighted to be opening a UK shop in the country that he loves.
“London is one of the best cities for a business like mine to operate in.
There’s always a lot to do and see, so it’s really exciting to be part of the UK market,” he stated.
Terrie Cotton and The Climates Room is accepting donations in the form of Bitcoin via its website.