Author

Topic: Bitcoin gaining traction in China? (Read 1296 times)

newbie
Activity: 42
Merit: 0
May 28, 2013, 11:20:27 PM
#4
Yes right now theres a bitcoin boom in china.
member
Activity: 70
Merit: 10
May 28, 2013, 03:01:04 PM
#3
I know there was a documentary shown in China about Bitcoin within the last month, I've linked to it below (it's in Mandarin) and that could help the currency get some traction there.

http://www.thebitcoinchannel.com/archives/5156
hero member
Activity: 882
Merit: 501
Ching-Chang;Ding-Dong
May 28, 2013, 02:56:56 PM
#2
I see alot of potential in China, but without having some current business working with china, i'm not quite sure how i'd even get in touch with people doing alot of international payments.
sr. member
Activity: 358
Merit: 250
May 28, 2013, 09:58:50 AM
#1
This may not seem significant, but I believe it is...

Quote
hello,
glad to get your mail
we will apply for an Bitcoin Account.I will tell you when I get.

Just received this message from an electronic component manufacturer in China. I asked if they were accepting bitcoin yet, and referred them to the BTCChina.com site, suggesting it was faster, less expensive and more convenient than the T/T (aka bank wire transfers) we'd always used in the past (and used for the vast majority of trade with China)

Their management must have seen the potential benefit, and are going to accept it now. I always ask our offshore suppliers if they "take bitcoin yet" (just for fun, mostly they've never heard of it), but this is the first time I have seen a manufacturer express any interest.

If you do international trade, don't hesitate to put the word out about bitcoin, refer to BTCchina.com, etc. It would be great if it became an alternative to the slow, archaic T/T system.
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