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.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.