Xiaomi in Portugal is now accepting Cryptocurrency payments

Syed AhadWeb Editor

05th Aug, 2021. 10:58 pm

Xiaomi has taken up the slack left by Amazon‘s recent denial of speculations that it would accept cryptocurrencies.

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

Bitcoin, Ethereum, Tether, and Dash may now be used to purchase Xiaomi smartphones, vacuum cleaners, smartwatches, electric scooters, and other devices.

Xiaomi has collaborated with Utrust, a Swiss cryptocurrency payment service provider whose native token is also accepted by Mi Store Portugal, to enable support for digital assets.

With its entry into crypto, Xiaomi which just overtook Apple in the smartphone market—strives to live true to its slogan of delivering “innovation for everyone,” according to Pedro Maia, head of marketing at Mi Store Portugal:

“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.”

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

Samsung, the world’s largest smartphone manufacturer, launched a blockchain wallet in early 2019, but its retail locations have yet to adopt cryptocurrency.

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