BTC China in strategic deal with ecommerce companies

The ecommerce partners include online games service provider Shenzhoufu, online financial management website Aicaike and Shanghai-based European baby products web retailer Dandan China.

The initiative is aimed at marking another step for Bitcoins re-emergence in China after wild fluctuations and security concerns led to the Chinese central bank banning trading of the digital currency by banks and third-party payment services in 2014. Modern technology and financial innovation, however, have allowed new businesses involving Bitcoin to carve out a niche on the mainland, including companies mining the currency for investors.

The deal is expected to assist Chinas ecommerce industry to attract new user groups including overseas customers.
 

the paypers logo

The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.

 

The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.

 



No part of this site can be reproduced without explicit permission of The Paypers (v2.7).

Privacy Policy / Cookie Statement

Copyright