Xiomi Portugal start accepting crypto - page 2.

Boov

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Quote from: dansus021 on August 05, 2021, 11:56:37 PM

https://u.today/xiaomi-starts-accepting-bitcoin-ethereum-and-other-cryptocurrencies-in-portugal

When amazon will not accepting bitcoin this maybe a little step to moon https://www.facebook.com/Oficial.MiStorePortugal/posts/988502345307701

what are you thoughts ?

The second link isn't accessible mate, but anyways all details you've shared from first one has been doing great about xiaomi that's already accepting bitcoin for their products.
Furthermore, my thoughts for this current developments on cryptocurrency adoption which Bitcoin is mainly involved is that more opportunities will come at this point. In fact bitcoin now started to soar and at the latest price of $42k. Definitely this is a good signs to consider and positive feedbacks still continues to become transparent.

mbe48

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This is a step to walk to the moon, Xiaomi recently surpassed Apple in the smartphone market trying to live up to its motto of providing “innovation for everyone” by moving to crypto. However, it is not surprising that Xiaomi has chosen Portugal as a test ground for digital asset payments considering that it is considered the most crypto-friendly country in Europe due to its tax policy.

just_Alice

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With all due respect to Xiaomi technology, I doubt that this will have an impact on the crypto market or adoption. This is not the first tech company that has introduced cryptocurrencies to its customers. As indicated in the article, Samsung has already done that with proposed blockchain wallets, HTC also had something of the sort, and all of that happened 1-2 years ago, but we didn’t see any effect resulting from these innovations.

The thing is, there are so many features in the tech world (and smartphones, in particular) right now that people don’t know how to use half of them, and blockchain, cryptocurrencies are yet another features that most people would most likely never use. I think Amazon adoption would’ve had a greater impact.

But generally, it’s good, maybe something will be out of it indeed, let’s see. I’m also interested to see how China will react to these new developments, Xiaomi is registered in there, after all.

Slow death

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Quote from: pakhitheboss on August 06, 2021, 03:17:49 AM

What exactly is China's policy on cryptocurrency? If anyone has any idea then do quote.

from what i understand the chinese government wants to have all control over its people, but also if some chinese are in another country and found a company he can accept bitcoin that the chinese government will not persecute that person. The Chinese government just doesn't want to know about decentralized things in your country so as not to threaten its political and control system

well I wonder how many people will stop hodl to take their bitcoin and go buy things at Xiaomi Portugal

joker_josue

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Quote from: rina aulia on August 06, 2021, 02:59:51 PM

Quote from: stompix on August 06, 2021, 01:38:52 PM

So, no they will not accept it.....for now!

Omg, they have confirmed back from the news that they initially received bitcoin, I don't understand very quickly xiaomi respond if from the beginning xiaomi portugal did not want to accept bitcoin.

They simply did not consult Xiaomi Global about this possibility.

Xiaomi Portugal, is just an affiliate of Xiaomi Global, they are two different companies. This is the company Select Smart, Lda, which is an official partner of Xiaomi in Portugal and the official authorized reseller that operates through Mi Store Portugal. In other words, to maintain this status, they have to do things according to Xiaomi Global standards.

rina aulia

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Quote from: stompix on August 06, 2021, 01:38:52 PM

So, no they will not accept it.....for now!

Omg, they have confirmed back from the news that they initially received bitcoin, I don't understand very quickly xiaomi respond if from the beginning xiaomi portugal did not want to accept bitcoin.

bitmover

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Quote from: mk4 on August 06, 2021, 01:09:05 AM

And Xiaomi isn't some random bootleg tech company, they actually create great products(privacy concerns aside).

This is my main concern when using any chinese software/equipment.

I may be wrong, but I prefer a company like Google or Amazon spying on me than some chinese company. At least we have human rights in the countries where google/amazon are based on, so those companies will apply to more strict regulations regarding personal data.

Specially when buying a new smartphone/computer, which i add a lot of personal data.

stompix

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The link is deleted, a new announcement is up:

Google translation:

Quote from: mk4 on August 06, 2021, 01:09:05 AM

I was expecting the article to be some misleading article with like a small local tech store that sells Xiaomi accepting cryptocurrencies, and I'm really happy to be wrong.

Turn out you weren't wrong, but, are you still happy? Grin

Issa56

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Waw this is really surprising and I believe this is a very good news for bitcoin I just hope more companies will accept bitcoin because we really have to pump bitcoin price. Xiomi Portugal accepted bitcoin is that among the current pump of bitcoin or is there any other reason y bitcoin have been pumping. I believe other companies like Samsung and Apple should also start accepting bitcoin.

MFahad

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Quote from: dansus021 on August 05, 2021, 11:56:37 PM

https://u.today/xiaomi-starts-accepting-bitcoin-ethereum-and-other-cryptocurrencies-in-portugal

When amazon will not accepting bitcoin this maybe a little step to moon https://www.facebook.com/Oficial.MiStorePortugal/posts/988502345307701

what are you thoughts ?

We have a series of bitcoin adoption news recently and this trend is going fast. Not only institutions but also now the nations have also joined the race to legalize bitcoin and crypto in their countries.

Woodie

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This news is quite strange in the sense that Xiomi is a Chinese company...multinational company of course which comes from a state where crypto is not welcome. But what's interesting about all this is xiomi have decided to open its doors for crypto away from its home clearly shows that crypto is a game changer for any business and shows they want crypto to be part of their business. But how is the environment for crypto in Portugal is it a welcome technology there.

Cling18

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As far as I know, Xiaomi is a brand owned by the Chinese but whatever it is, I still see it as another milestone for cryptocurrency. We need adaptions like this and we can't deny the fact that Xiaomi is still a big company. It only means that big companies are now considering accepting cryptocurrency which will surely affect the market positively.

zahed

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That is of course big good news Xiaomi (MI) will accepting Bitcoin and others also a few cryptocurrencies. I'm a fan of Xiaomi mobile phone and i using the handset over 4 years very friendly device and unbelievable experience here. MI is a big chinese giant company. Portugal's crypto friendly people are lucky now they can buy and sell any products of Xiaomi brand.

mk4

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Quote from: NeuroticFish on August 06, 2021, 02:57:27 AM

While I also use their products (and not only phones!), I won't jump in joy for their smartphones. They are indeed pretty good for their price, but, again, everybody should be warned again and again:
It's a Chinese company with heavy control from their communist party. I would be surprised if they don't "send at home" at least now and then various information about their users. There's a strong security concern around them and one should be aware of what he holds in his pocket basically 24/7.

Pretty much this. Wonder why Apple phones are expensive as heck? Luxury pricing and marketing aside, one of the reasons is that Apple doesn't make money off our data. While we don't have proof of that, it's a pretty safe assumption simply because advertising isn't one of Apple's business monetization. Xiaomi and Google on the other hand, yea.. there are reasons why their devices are cheaper.

Kittygalore

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Quote from: Magicalking on August 06, 2021, 11:18:44 AM

I was excited when I read the news today. Its a win for the crypto community even it is a small one, it put a smile on my face today. I expect more good news this month. Maybe China will rethink their stand on bitcoin and Bitcoin mining.

It's not a small one, remember that it's a country that they're operating in and they have adopted crypto payment system there, that's not a small one, it's a big one. I don't think China will rethink, they know what they're doing and they know that the only way is for them to move forward, it's not like their going to be the big market forever, there's about 6 billion more to advertise bitcoin to.

Magicalking

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I was excited when I read the news today. Its a win for the crypto community even it is a small one, it put a smile on my face today. I expect more good news this month. Maybe China will rethink their stand on bitcoin and Bitcoin mining.

bittraffic

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There are lots of big companies thess days making some announcement about accepting BTC. Apart from Xiaomi there is also Aramco of Saudi Arabia which is the biggest oil company. Time for companies to join before prices fly.

Quote from: Zilon on August 06, 2021, 01:18:13 AM

Quote from: bittraffic on August 06, 2021, 01:11:22 AM

Xiaomi is a Chinese company manufacturing devices like phones. I don't doubt every Chinese are accumulating BTC though they may seem to be driving miners away. This is the kind of move that US companies should actually do as well than shutting down rumors because their government is cracking down cryptocurrency through their regulations.

Chinese citizens are very much in support of crypto companies but the challenge has always been with the government who tries to gain autonomy of the general assets in the country. It's a nice and welcome idea for xaiomi and a great news for the crypto industry as well waiting for more partners no matter how small the are let's take crypto a step higher

The government of China afaik classify BTC as asset but forbids institutions to add it on their balancesheets. But Xiaomi isn't a financial institution.

joker_josue

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Quote from: leea-1334 on August 06, 2021, 07:15:51 AM

I have heard a lot of good things about Portugal from a couple of my foreign colleagues who are now thinking to move there to continue freelancing. They said the conditions for freelancing + earning in crypto is very warm in Portugal, with low tax requirements and low employment requirements,,, plus no problems with reporting income earnings in crypto. I feel like this could be the reason for the move from Xiaomi.

So far, private individuals do not have to declare earnings with crypto.
Only companies, you have to declare earnings with the crypto.

Of course, this could change at any time, but for now there is no indication in this direction.

worle1bm

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Quote from: dansus021 on August 05, 2021, 11:56:37 PM

https://u.today/xiaomi-starts-accepting-bitcoin-ethereum-and-other-cryptocurrencies-in-portugal

When amazon will not accepting bitcoin this maybe a little step to moon https://www.facebook.com/Oficial.MiStorePortugal/posts/988502345307701

what are you thoughts ?

I also that leading smart phone brand xiaomi started accepting crypto payment such as Bitcoin,ETH,Tether and Dash on their Portugal stores and now you can buy items by paying in any above listed coin.The move came part in Portugal only due to the crypto friendly regulations over there.They have partnered with Swiss cryptocurrency firm Utrust for making such payment and the native token of the firm is also being accepted on the MI store.They have recently surpassed apple and Samsung in leading global smartphone market and now this move will boost the company revenue also.

Pedro Maia head of Marketing at Mi Portugal store says :

Quote

We are technological, innovative and distruptive brand. That's why we want to remain one step ahead.We want to the give the possibility to all true technology fans to buy their favourite gadgets with latest technology which is cryptocurrencies.

With this move we might see another big companies also going for the same decision in the long run.

Rehan Zakir

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Xiomi is a mobile making factory in china. It is a Chinese company. Xiomi office in portugal is accepting crypto for receiving payments. It is a good news for portugal peoples. That now they can send or receive payments in crypto coins. This news will also impacts on the price of bitcoin. Adoption of crypto means that more peoples are coming in crypto market.

Topic: Xiomi Portugal start accepting crypto - page 2. (Read 581 times)