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Xiaomi to Accept Cryptocurrencies in Portugal

f you live in Portugal, you can now pay for gadgets and smartphones with Bitcoin & Co. However, smartwatches, electric scooters, vacuum cleaners and much more can now also be specified as a means of payment. The Xiaomi branch in Portugal is the first in Europe to now accept Bitcoin, Ethereum, and other digital currencies.

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Once again, crypto news showed that the acceptance of cryptocurrencies keeps increasing. Now Xiaomi has announced that it will accept cryptocurrencies in the future. The Xiaomi branch in Portugal is the first in Europe to now accept Bitcoin, Ethereum, and other digital currencies.

Read more about Xiaomi’s branch in Portugal and when will it start accepting payments in cryptocurrencies and find the most important business news in the world with the Born2Invest mobile app.

Paying with Bitcoin & Co. at Xiaomi in Portugal

In Portugal, it is now possible to pay with Bitcoin & Co. at Xiaomi. Anyone who buys a new smartphone or Xiaomi accessories now has the option to pay with cryptocurrency. This crypto news again shows that cryptocurrencies are becoming more and more accepted and more and more major companies are accepting payments in cryptocurrencies.

Although there were recently rumors that Amazon also accepts Bitcoin & Co. unfortunately, that has since been denied again by Amazon. Especially since it was said on the part of Amazon that it was not planned until the end of the year. However, we assume that Amazon will not be able to bypass the digital currency next year at the latest. However, the small dip in the Bitcoin price due to Amazon’s statement was quickly recovered.

Xiaomi, on the other hand, has already closed this gap. The Chinese tech giant’s official retailer, Mi Store Portugal, recently moved to allow customers to pay in cryptocurrency. Regarding this, Xiaomi wrote on its Facebook page:

If you thought Mi Store Portugal couldn’t surprise you more, here comes a news you’ll want to comment with all your #gadgetfriends! From now on, buying in Mi Store Portugal is more inclusive and comprehensive, because you can buy your favorite gadgets using your cryptocurrency or the cheapest ones like Bitcoin, Ethereum, Tether, Dash, or Token Utrust. Incredible, isn’t it?

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Excellent crypto news for Xiaomi fans

If you live in Portugal, you can now pay for gadgets and smartphones with Bitcoin & Co. However, smartwatches, electric scooters, vacuum cleaners and much more can now also be specified as a means of payment. However, this is only possible for customers residing in Portugal; the others have been left in the dust so far. However, it should only be a matter of time before Xiaomi expands its offer.

Xiaomi has teamed up with the Swiss cryptocurrency payment service provider Utrust to ensure that the support for cryptocurrency payments goes smoothly. Of course, Xiaomi also accepts Utrust’s native token at the Mi Store in Portugal.

The head of marketing at Mi Store Portugal, Pedro Maia, expressed that Xiaomi has only recently overtaken the giant Apple in the market. In doing so, the company is trying to please everyone with cryptocurrency payments. In addition, he said: “We are a technological, innovative, and disruptive brand. That’s why we always want to be one step ahead. We want to give all true tech fans the opportunity to buy their favorite devices with the “most technological money” at the moment.”

Portugal is crypto-friendly

However, there is no need to be surprised. Portugal is, after all, the most crypto-friendly country in the European Union. Samsung also already has ideas to introduce cryptocurrencies. In early 2019, the company unveiled a blockchain wallet. However, Samsung has still not moved forward with cryptocurrency payments.

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(Featured image by krishnajithk33 via Pixabay)

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Isaac Atwood is a PR and marketing consultant who has worked with respected names in the financial industry. He has also sat down in many sessions with startups aiming to become the next unicorn. Isaac loves working with CEOs, business executives, and entrepreneurs who wish to enter the following markets: artificial intelligence, cannabis, virtual reality, cryptocurrencies, robotics, wearable and smart tech, and even the much-hyped space race. He is currently managing the brand portfolio of an Asian firm planning for its IPO by the end of the year. While his engagements have taken him around the world, Isaac is proud to call Toronto his home.