The Portuguese branch of Xiaomi has begun accepting Bitcoin and other cryptocurrency payments.
Mi Store Portugal, official Xiaomi retailer, announced on Facebook that customers can now purchase Xiaomi devices using five cryptocurrency options, including BTC, ETH, USDT, Dash, and the Utrust token (UTK).
This new payment option was made possible by a partnership with Utrust.
Users can now buy smartphones, vacuum cleaners, smart watches, electric scooters and other stuff with Bitcoin, Ethereum and other crypto on Xiaomi Portugal.
One of China's largest mobile phone manufacturers, Xiaomi's Portuguese store accepts Bitcoin, Ethereum, DASH and USDT as payment. https://t.co/Zi92uRphQP
— Wu Blockchain (@WuBlockchain) August 5, 2021
Pedro Maia, the head of marketing at Mi Store Portugal says that Xiaomi, which recently overtook Apple in the smartphone market, aims to live up its promise of “innovation for all” by moving into crypto.
“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.”
It is not surprising that Xiaomi has picked Portugal for digital asset payments given that Portugal is considered to be the most crypto-friendly nation in Europe because of its tax policy.