Although this relationship has an obvious beneficial effect for bitcoin and those involved in trading the currency, it could create an indirect benefit for another party — the manufacturers of the smartphone devices.
It will especially benefit those smartphone devices that attempt to take advantage of the situation by allowing the market to propagate unhampered. Unimpeded by any attempts by the manXiaomiufacturer to regulate, remove, or otherwise tamper with any bitcoin related applications.
Despite this, the benefits that smartphone manufacturers could receive from embracing Bitcoin is ultimately dependent on the uncertain role that bitcoin will have as a preferred hedge against the Yuan, and how far the Chinese government goes with its currency manipulation.
However, while the long-term benefits that Bitcoin could provide are ultimately uncertain, it seems some benefits are already being felt by smartphone producers in China. As evidence of this, competing, cheaper smartphones have recently increased in popularity at the expense of the iPhone, whose sales in the country have recently declined.
http://bitcoinist.net/xiaomi-smartphones-bitcoin-users/
Topic: [2016-07-13] Record Sales for Xiaomi Smartphones Could Benefit Bitcoin Users (Read 227 times)
July 13, 2016, 02:57:48 AM
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