Xiomi Portugal start accepting crypto

[cryptomaniac_xxx]

I'm not surprised with the move because Portugal is known as one of the most crypto-friendly countries in Europe but I'm more intrigued with the brand. We all know that Xiaomi is a Chinese company and we also know (based on published articles) the unfriendly stance of the Chinese regulators towards crypto.

This is also my first thought, it is a well known Chinese company, and it was even ban by the Trump administration, but it was reverse recently.

So it was a surprised when the Chinese government are cracking down everything related to bitcoin, then suddenly they start accepting it. Now sure if they have ask their government, but if not, then this could spell trouble for them in my opinion. Anyhow, it's business and at the end of the day, they should cater for everything including cryptos.

[kryptqnick]

Why only in Portugal? I read it's 'cause of the tax policy, but that's only compared with other EU countries, and Xiaomi is available worldwide. My smartphone's actually Xiaomi, and I find it very convenient and well-performing (but I don't trust a smartphone with cryptos and never access my crypto funds from my phone). But in my country, they're usually sold in shops that specialize on devices from various brands. So does this decision apply only to the official Xiaomi stores in Portugal? Or will other retailers have to agree to accept Bitcoin for their Xiaomi products?

[SFR10]

what are you thoughts ?

However, this decision does not sufficiently affect the interest of investors, because it seems that this is a decision made by Xiaomi from Portugal only and not globally.

I have a feeling this might be one of those testing phases and if everything goes smoothly, they'd probably expand it into other markets as well.
^{- Having said that, @CoinTelegraph included a tweet from their partner [Utrust], but for some reason, that tweet no longer exists [a bit strange].}

Does this mean that they'll keep bitcoin or will actually receive fiat at the end of the day?

According to their partner's "website", looks like ^[screenshot] everything is going to be converted right away but they could also opt to receive cryptocurrencies.

[Lucius]

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.

Do you think that Apple or Samsung do not spy on their users in the same way as Chinese companies? It all comes down to how people perceive a company, and we all know that the American political propaganda machinery made sure to portray the Chinese as evil communists, while on the other hand, they (the US) have the largest spy network in the world - or maybe Snowden lied about everything? There is no privacy if you use any device, because they are all designed to send data to someone - not just through software, but also through hardware.


As for Xiaomi, this is not a surprising move, especially for Portugal, which has positioned itself as a crypto-friendly country. In addition, many mobile phones and IT equipment stores in the EU have been accepting BTC for years and it is not a problem to buy any brand of smartphones and pay with BTC.

[joker_josue]

Apparently the information is no longer available on facebook.
And on the official website, there is no related information. If you try to make a purchase, you don't have the Bitcoin option.

Was it just a message to check the market's reaction?

[NeuroticFish]

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.

Do you think that Apple or Samsung do not spy on their users in the same way as Chinese companies?

Oh, but I know that they do. The point is that while Google has spied on me for 20+ years and they've done no real harm, while Samsung also spied on me for many years, again with no harm, I'm less concerned about what these do with my data than what a totalitarian state with its own odd rules and politics.
However, what I want is awareness. As long as people know, it's fine. Then each and every one can act based on his knowledge and levels of paranoia 

[leea-1334]

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.

[Rehan Zakir]

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.

[worle1bm]

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 :

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.

[joker_josue]

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.

[bittraffic]

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.

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.

[Magicalking]

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.

[Kittygalore]

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.

[mk4]

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.

[zahed]

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.

[Cling18]

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.

[Woodie]

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.

[MFahad]

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.

[Issa56]

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.

[stompix]

The link is deleted, a new announcement is up:



Google translation:

On behalf of Mi Store Portugal, we report that we will go back with the offer of the payment option
in cryptocurrencies. We apologize for any disorder caused.

This offer was made suddenly without prior notice
approved by Xiaomi Global and did not go through the channels and
appropriate regulatory processes.
We apologize for any misinformation or negative impact on all parties involved.
We will do all possible to continue offering  excellent consumer experience and best service to the beams of the Xiaomi.

My Store Portugal

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

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?