Mi Store Portugal which is the official Xiaomi retailer, announced on Facebook that it now allows customers to purchase devices using five cryptocurrencies, including BTC, Ether, Tether, Dashand the Utrust token.
According to the official Mi Store Portugal website, customers can now select the option to pay with crypto at checkout. The new payment method is enabled through a partnership with Utrust, a European blockchain technology payment platform. “Xiaomi is the second-largest phone manufacturer in the world, and now their local branch is accepting the Money of Tomorrow,” Utrust’s official Twitter account said Wednesday.
Xiaomi surpassed global smartphone giant Apple as the second-largest mobile phone manufacturer in the world in the second quarter of 2021. Mi Store Portugal is the only official retailer of Xiaomi’s certified products in Portugal, operating under the European legislation, the company’s website notes. The firm currently has six physical stores nationwide and is in the process of expansion.
As previously reported, Portugal has been steadily growing as a cryptocurrency-friendly country in recent years, with the local government charging zero taxes from retail crypto trading. Earlier this year, a local energy trading firm started accepting Bitcoin as payment for electricity bills.
