China's Third-Largest Mobile Network Now Accepts Bitcoin
Consumers in China can now purchase smartphones with bitcoin from a major carrier, after a local division of China Telecom announced a promotional offer for new Samsung phones this week. China Telecom's subsidiary Jiangsu Telecom, in Jiangsu province on the east coast of the country, posted the offer on its website. Translated details were scarce, but it appears customers have the chance to use bitcoin instead of yuan to pre-order Samsung's 2014 clamshell form-factor Android phone. Payments are processed through BitBill, China's answer to BitPay. Bitcoin's popularity has soared higher in....
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Written by: James Choi (8BTC). Edited By: Elizabeth T. Ploshay (Bitcoin Magazine). Jiangsu Telecom, a branch of China Telecom, the largest fixed line service and 3rd largest mobile telecommunication provider in China, recently announced its decision to accept Bitcoin for one of its promotion campaigns. Bitcoin has been in the spotlight these days in China. With its soaring price and full coverage by CCTV, China's state broadcaster, Bitcoin has drawn abundant attention in the world's 2nd largest economy. Although there is no official statement from the government about the legal status of....
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