The electronics large’s Xiaomi stores in Portugal will accept bitcoin payments after partnering with Utrust to unlock this new characteristic in 5 cryptocurrencies, as we will see extra in the most recent bitcoin information.

Chinese electronics maker Xiaomi is the youngest to enter the crypto trade as its Xiaomi stores in Portugal begin accepting BTC payments. Mi Store Portugal is the official retailer of Xiaomi who introduced on Facebook that prospects can now purchase gadgets with 5 cryptocurrencies equivalent to ETH, BTC, Tether, Dash and UTK tokens. According to the official web site, prospects can select to pay with cryptocurrency on the checkout.

The new fee possibility is made doable by way of a partnership with Utrust, a European blockchain fee platform, and Utrust’s Twitter account says:

“Xiaomi is the second largest phone manufacturer in the world and its local office is now accepting Money of Tomorrow.”

According to information from the evaluation firm Counterpoint, Xiaomi overtook the worldwide smartphone large Apple in the second quarter of the 12 months and have become the second largest mobile phone producer in the world. Mi Store Portugal, Xiaomi’s Official Retailer Accepts Crypto Payments, As The Twitter Announcement Reads:

“Mi Store Portugal, the official Xiaomi dealer, is now accepting #Crypto Payment! Xiaomi is the second largest phone manufacturer in the world and its local branch is now accepting Money of Tomorrow.

Phones, wearables and more – buy now at: https://t.co/0WvYPgcpNa pic.twitter.com/LYd66aiX0A

– Trust (@UTRUST) August 4, 2021“

Mi Store Portugal is the only official distributor of certified Xiaomi products in the country and operates under European law as indicated on the website. The company currently has six physical stores nationwide and is expanding. Pedro Maia, Mi Store Portgual’s Marketing Director, said the company’s move to accept crypto payments is in line with the company’s innovation goals:

“We are a technological, innovative and disruptive brand. That’s why we always want to be one step ahead. We would like to give all real technology fans the opportunity to buy their favorite devices for what is currently “the highest technology money”.

As previously reported, Portugal has been slowly becoming a crypto-friendly country in recent years, with local authorities not levying taxes on cryptocurrency retailers. The local energy trading company has started accepting Bitcoin as payment for electricity bills.

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