An array of platforms ventured into the crypto-verse this year. Therefore, Xiaomi’s entering into the crypto market did not come as a surprise to anyone. However, it seemed like the Chinese electronics store was taken by shock.
The value and popularity of the crypto industry grew to new heights this year. The market was seen enjoying a long stay with the bull. This lured several mainstream firms into the market. The recent crash did no major damage to the industry as prominent platforms were still interested in the market.
In a recent Facebook post, it was revealed that a Mi Store in Portugal had started to accept payments in crypto. The post note that the store would accept about five cryptocurrencies including, Bitcoin [BTC], Ethereum [ETH], Dash [DASH], Tether [USDT] as well as the Utrust [UTK] token. Users would be able to purchase an array of things like Xiaomi devices, smartphones, vacuum cleaners, smartwatches, and electric scooters.
The head of marketing of the Mi Store Portugal, Pedro Maia spoke about this and stated,
“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.”
Xiaomi will not accept crypto
This rumor was soon shot down by the platform as the spokesperson went on post a notice about the same on Weibo. The Xiaomi spokesperson pointed out that the Mi Store Portugal wasn’t directly associated with the Chinese electronics manufacturer. Rather, the store was a third-party authorized partner that was carrying out operating in Portugal independently.
The spokesperson further added,
“We are concerned about the information that Mi Store Portugal accepts digital currency payments on overseas social platforms,
