29 Nov '13, 1pm

China’s Third-Largest Mobile Network Now Accepts Bitcoin

China’s Third-Largest Mobile Network Now Accepts Bitcoin

Consumers in China can now purchase smartphones with bitcoin from a major carrier, after a local division of China Telecom announced a promotional offer for new Samsung phones this week. China Telecom’s subsidiary Jiangsu Telecom, in Jiangsu province on the east coast of the country, posted the offer on its website . Translated details were scarce, but it appears customers have the chance to use bitcoin instead of yuan to pre-order Samsung’s 2014 clamshell form-factor Android phone. Payments are processed through BitBill , China’s answer to BitPay . Bitcoin’s popularity has soared higher in China than anywhere else in the world recently, with world-record prices appearing on BTC China, the country’s main exchange and now the world’s busiest . BTC China was leading the world in bitcoin value even in April, when prices passed $300. “ Any business newly accepting bitcoin, eve...

Full article: http://www.coindesk.com/china-mobile-network-accepts-bitc...

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