While Amazon recently denied rumors of cryptocurrency acceptance, Xiaomi has picked up the slack. In Portugal, Xiaomi Has Begun Accepting Bitcoin, Ethereum, and Other Cryptocurrencies
Mi Store Portugal, the Chinese tech giant’s official retailer, recently announced the addition of cryptocurrency payments. Bitcoin, Ethereum, Tether, and Dash can now be used to purchase Xiaomi smartphones, vacuum cleaners, smartwatches, electric scooters, and other Xiaomi devices.
Xiaomi has partnered with Swiss cryptocurrency payment service provider Utrust, whose native token is also accepted at Mi Store Portugal, to add support for digital assets. According to Pedro Maia, head of marketing at Mi Store Portugal, Xiaomi—which recently surpassed Apple in the smartphone market—strives to live up to its motto of “innovation for everyone” with its crypto venture:
“We are a technologically advanced, forward-thinking, and disruptive brand. That is why we strive to always be one step ahead. We want to enable all true technology enthusiasts to purchase their favorite gadgets using what is currently referred to as “the most technological money.”
It’s unsurprising that Xiaomi chose Portugal as a testbed for digital asset payments, given that the country’s tax policy is widely regarded as the most crypto-friendly in Europe. Samsung, the market leader in smartphones, launched a blockchain wallet in early 2019, but its retail locations have yet to embrace cryptocurrency.
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