BTC China in strategic deal with ecommerce companies

Monday 10 November 2014 11:18 CET | News

BTC China, a virtual currency provider, has inked a contract with several Chinese ecommerce companies to provide support for Bitcoin-based payments.

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.

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Keywords: Bitcoin, cryptocurrencies, virtual currency, China, payments , ecommerce
Categories: DeFi & Crypto & Web3
Countries: World
This article is part of category

DeFi & Crypto & Web3