China’s third-largest mobile network now accepts Bitcoin!

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China’s third-largest mobile network now accepts Bitcoin!

(CoinDesk) 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.

Any business newly accepting bitcoin, even in a small way, is
guaranteed to gain disproportionate attention in these times. So on the
surface, many recent stories of bitcoin acceptance from China seem more
promotional than revolutionary. Indeed, this is a limited offer for one
model phone from a local provider and not a major announcement of
large-scale bitcoin adoption.
However, it’s also a sign large state owned enterprises in China, or at least
certain divisions of them, are more open to experimentation with bitcoin
than their overseas counterparts.As of this month, most bitcoin
acceptance in other parts of the world remains limited to owner-operated
small businesses and startups. A division of Chinese internet search
giant Baidu also announced recently it would accept bitcoin as payment.
Telecom’s offer also strikes a more positive note than previous reports
from China earlier in 2013, which suggested China Telecom was trying to block
bitcoin-related traffic from its services. China Telecom is China’s
largest fixed-line provider and its third-largest mobile carrier.
bitcoin can be used as a promotional tool to attract younger and more
technology-aware consumers, it also indicates the Chinese market itself
is more ready for alternate forms of payment.

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