Xiaomi in Portugal denies Cryptocurrency payments

Syed AhadWeb Editor

15th Aug, 2021. 11:01 pm

According to Xiaomi, the business was not informed of such decisions because Mi Store Portugal is a self-contained satellite, and Mi Store Portugal’s acceptance does not represent Xiaomi Corporation.

“Xiaomi Corporation would like to clarify that ‘Mi Store Portugal’ and associated social media channels are operated by a third-party store,” Xiaomi said. “While we respect and understand the legitimate operational autonomy of third-party stores, the decision to accept cryptocurrencies has no connection with the Xiaomi Corporation and was made without our knowledge or approval.’”

Earlier, the official retailer of the Chinese tech behemoth, Mi Store Portugal, made the decision to accept bitcoin payments.

Bitcoin, Ethereum, Tether, and Dash may use to purchase MI smartphones, vacuum cleaners, smartwatches, electric scooters, and other devices.

Given that Portugal is considered to become the most crypto-friendly European country because of its tax laws, it is unsurprising that Mi has chosen Portugal as a testbed for digital asset payments.

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