Xiaomi denies involvement in stores accepting Bitcoin in Portugal

Chinese electronics manufacturer Xiaomi has Refuse The company participated in a Portuguese Xiaomi store that started accepting Bitcoin (Bitcoin) Payment.

The country’s Xiaomi retailer Mi Store Portugal announced on Facebook on Wednesday that it now allows customers to purchase devices using five cryptocurrencies, including BTC, Ether (Ethereum), tether (USDT), dash (sprint) And Utrust (UTK) tokens.

A Xiaomi spokesperson then responded to the news on the Chinese social media platform Weibo, emphasizing that the Portuguese Mi Store has no direct relationship with Xiaomi’s operations. “We are concerned about the information that the Portuguese Xiaomi store accepts digital currency payments on overseas social platforms,” ​​the person said. The representative added that Mi Store Portugal is a “third-party authorized partner” and operates independently in Portugal.

Mi Store Portugal subsequently deleted the announcement on August 6th and deleted the relevant information from its website. Previously, it stated that its customers can choose an encrypted payment option at checkout.

The new payment option is realized through cooperation with European blockchain technology payment platform Utrust. “Xiaomi is the world’s second largest mobile phone manufacturer, and now their local branches are accepting tomorrow’s money,” Utrust said in a now-deleted tweet published on Wednesday.

The company did not immediately respond to Cointelegraph’s request for comment. At the time of writing, the Mi Store Portugal website still indicates that Utrust is a payment partner with Visa and PayPal.

According to data from Counterpoint, a global industry analysis company, Xiaomi Exceed The global smartphone giant Apple became the world’s second largest mobile phone manufacturer in the second quarter of 2021. The company’s website states that the Portuguese Mi Store is the only official retailer of Mi’s certified products in Portugal and operates in accordance with European regulations. The company currently has 6 physical stores nationwide and is expanding.

related: New research shows high demand for cryptocurrency payments

According to reports, Mi Store Portugal Marketing Director Pedro Maia Say The company’s move to accept encrypted payments is consistent with Xiaomi’s innovation efforts. “We are a technological, innovative and disruptive brand. That’s why we always want to be one step ahead. We want all true technology enthusiasts to use the “most technical funds” to buy their favorite gadgets. .”

As previously reported, Portugal has been steadily developing into a country friendly to cryptocurrency in recent years. The local government Impose zero tax From retail cryptocurrency transactions.Earlier this year, a local energy trading company Start accepting Bitcoin As payment for electricity bills.

In contrast, China has become one of the largest anti-cryptocurrency countries in the world, updated National crackdown on cryptocurrency mining and Crypto transaction Earlier this year.

Disclaimer: This article has been updated to reflect Xiaomi’s official statement, which denies that the company is related to Mi Store Portugal’s start to accept Bitcoin payments.