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Bitcoin’s price is finally seeing recovery after more than two months of the bearish market. Meanwhile, adoption continues to surge around the world, as major brands, institutions, and more retail traders are starting to get involved with Bitcoin and the rest of the crypto sector.

Only two days ago, a Chinese electronics manufacturer, Xiaomi, announced that its official Portuguese shop is now opening its doors to Bitcoin, meaning that it will accept Bitcoin (BTC/USD) as an official payment method.

The move comes as a bit of a surprise, considering how much China itself did to discourage cryptocurrency use, and as of late, banish Bitcoin miners from its provinces. But, Mi Store Portugal, the official Xiaomi retailer, doesn’t seem to share those views, as it made an announcement on Facebook this Wednesday that its customers can now come in and purchase its products using not only BTC but four other cryptos, as well.

The supported coins include Bitcoin, Ethereum, Tether, Dash, and Utrust token. Users can opt to pay with any of these cryptocurrencies at checkout, and it was all made possible thanks to the company’s partnership with Utrust.

Utrust is a blockchain payment platform that operates in Europe. The project also announced the partnership and the possibility of paying via crypto on Twitter, saying that Xiaomi is the second-largest phone producer in the world. Now, they decided to start accepting the ‘Money of Tomorrow,’ or at least, their Portuguese branch did.

The statement is no over-exaggeration, however, since Xiaomi did truly become the world’s second-largest phone manufacturer in Q2 this year when it officially surpassed Apple. It also became the largest smartphone brand in Europe at the same time.

More great news! According to Strategy Analytics @Xiaomi was the No. 1 smartphone brand in Europe for the first time in Q2 2021! A huge thanks to all of our fans and partners that made this possible! #NoMiWithoutYou pic.twitter.com/pf82i6TuM4

For the time being, Mi Store Portugal is the only one of Xiaomi’s certified product retailers that is accepting crypto. It currently has six locations in Portugal, although its website says that it is in the process of increasing that number.

As for why Mi Store Portugal did it, its marketing director, Pedro Maia, stated that this aligns with the company’s strive for innovation. After all, it is a technological, innovative, and disruptive brand, as Maia put it. So, it makes sense that it wishes to always be one step ahead, and with crypto getting bigger than ever, this was a perfect opportunity for the store to adopt it.

The post Portugal’s branch of Xiaomi opens its doors to Bitcoin (BTC) appeared first on Invezz.

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