Cryptocurrency as payment: Xiaomi’s astonishing decision to accept crypto

The trend of Crypto as payment and  Xiaomi, 2nd largest smartphone manufacturer, made a sensational decision. Xiaomi Portuguese store collaborated with a Swiss cryptocurrency firm known as  Utrust.

A study, which was done on 8000 people, presents that 96% of the cryptocurrency holder wants to make payments in crypto. 59% of consumers who never hold cryptocurrency would like to make Crypto as payment method. These figures show the interest of people in cryptocurrency and its popularity. People wanted it to use the services or buy things. In this context, Xiaomi’s Portugues outlet has decided to accept cryptocurrencies like Bitcoin, Ether, Dash, and tokens of Utrust as payment.

Cryptocurrency as payment
The cryptocurrency as payment Source:

After Amazon denied rumors that it would accept Cryptocurrency as payment, Xiaomi has taken up the slack. The official retailer of the Chinese company in Portugal, MI Store, shared the sensational announcement on social media saying:

“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 Bitcoin, Etherum, Tether, Dash, or Token Utrust. Amazing isn’t it?”

The owner of the store explained that we are just trying to live according to its motto which is “Innovation for everyone”. Portugal has very crypto-friendly policies which have encouraged a China-based company to accept Cryptocurrency as payment, otherwise, as you all know crypto is baned in china.

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About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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