Record Sales for Xiaomi Smartphones Could Benefit Bitcoin Users
On July 10, 2016, Chinese smartphone manufacturer, Xiaomi, announced that their cheap line of phones, known as Redmi, had sold over 110 million units in just 3 years. This news could have implications for bitcoin, as cheaper smartphones could directly result in higher trading volume in the country. The Redmi and Redmi Note, less than half the price of other Xiaomi phones like the $300 USD Mi5, have been central to Xiaomi’s success in China and its handful of new markets – such as India and Indonesia – over the past few years. What Is the Significance of Cheaper Phones Like Xiaomi? Cheaper....
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According to Xiaomi India managing director Manu Jain, cryptocurrency is an “extremely interesting” area that is doing “exceptionally well.” Xiaomi India — the subcontinent's branch of the major mobile phone manufacturer — is interested in the cryptocurrency industry, but needs regulatory clarity from the government.The firm's managing director, Manu Jain, said in an interview with The Economic Times, “We will want to wait for all the regulatory things. Of course, crypto is an area, which is extremely interesting, and is the biggest buzzword and is doing exceptionally well. But, we would....
On August 5, the Mi Store in Portugal announced that it was accepting cryptocurrencies including bitcoin, ethereum, tether, and dash. At the time, the Mi Store Portugal said it was working with the blockchain payments company Utrust in order to be more “inclusive.” However, the Mi Store parent company Xiaomi Corporation, which stems from China, responded to the store’s decision to accept crypto and said it does not control the “autonomy of third-party stores.” Mi Store Portugal’s Crypto Acceptance Decision Didn’t Go as Planned Digital currency....
Xiaomi, one of the biggest mobile phone and tech companies in the world, has introduced a patent that implements blockchain technology for the creation of its own virtual characters. The patent, introduced in China, mentions that the creation of these characters will be randomized thanks to the introduction of a gene sequence, responsible for determining the looks of the character.
Xiaomi Introduces Blockchain in Character Generation Patent
More and more industries are including blockchain as part of their new products due to its decentralized and immutable traits. Xiaomi, a....
The official Portuguese shop of Chinese electronics giant Xiaomi has partnered with Utrust to unlock payments in five cryptocurrencies. Chinese electronics manufacturer Xiaomi is the latest global company to get involved in the cryptocurrency industry as its official Portuguese shop now accepts Bitcoin (BTC) payments.Mi Store Portugal, the official Xiaomi retailer, announced Wednesday on Facebook that it now allows customers to purchase devices using five cryptocurrencies, including BTC, Ether (ETH), Tether (USDT), Dash (DASH) and the Utrust (UTK) token.According to the official Mi Store....
Combined, smartphones and bitcoin have created a whole new vehicle for sending and receiving money. With the widespread use of smartphones and the increasing popularity of bitcoin, it is not surprising the two have found a way to compliment each other. In fact, smartphones are poised to drive anonymous bitcoin transactions in a massive way. Welcome to the digital age. With a quick snap of a smartphone camera, QR codes can be scanned from signs, product labels, pieces of paper, computers, TV screens, even clothing. QR codes seem to be popping up more and more, but for a lot of people, they....