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Xiaomi – Xiaomi’s Portuguese outlet now accepts Bitcoin By BTC Peers

Henry Romero by Henry Romero
August 6, 2021
in Xiaomi
0
Xiaomi – Xiaomi’s Portuguese outlet now accepts Bitcoin By BTC Peers

Xiaomi – Xiaomi’s Portuguese outlet now accepts Bitcoin By BTC Peers

<a href=Xiaomi’s Portuguese outlet now accepts Bitcoin” id=”carouselImage” src=”https://i-invdn-com.investing.com/news/LYNXMPEDB715F_L.jpg” style=”visibility:hidden”/>
© Reuters. Xiaomi’s Portuguese outlet now accepts Bitcoin

Xiaomi (OTC:) is the latest global institution to enable crypto payments on its ecosystem.

The Chinese company’s official retailer in Portugal, Mi Store, has started accepting cryptocurrency payments. The Portuguese outlet disclosed its plans on social media noting that:

From now on, shopping at Mi Store Portugal is more inclusive and comprehensive because you’ll be able to buy your favorite gadgets using your election cryptocurrency or the most favorable one like , , Tether, , or Token Utrust. Amazing isn’t it?

Customers can now purchase gadgets such as smartphones, vacuum cleaners, smartwatches, and other devices with a variety of digital tokens, including Bitcoin and Ethereum.

Xiaomi has also partnered with UTrust and adopted its native token in a bid to consolidate its support for digital assets.

The head of marketing at Mi Store, Pedro Maia, suggested that Xiaomi is only trying to live up to its motto which stated “Innovation for everyone.” He explained:

We are a technological, innovative, and disruptive brand. That’s why we always want to be one step ahead. We want to give the possibility to all true technology fans to buy their favorite gadgets with what is currently “the most technological money.

Portugal’s tax policies are very crypto-friendly, and this appears to be the main reason why Xiaomi chose the country as its testing ground for crypto payments. Ironically, despite being a Chinese company, China’s government has continued to tighten its grip on cryptocurrency activities.

Continue reading on BTC Peers

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



[Xiaomi – Xiaomi’s Portuguese outlet now accepts Bitcoin By BTC Peers

Tags: Xiaomi

Henry Romero

Henry Romero

Henry covering technology and reviewing consumer products. Previously he was the Tech editor at ICO Stamp steering coverage and reviews of Tech Products. He graduated from London School with a bachelor's degree in English and journalism.

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