Although cryptocurrencies are banned in China, insider sources have suggested that Chinese citizens are still investing in cryptocurrencies. Beijing’s oldest technology magazine, Beijing Sci-Tech Report (BSTR), is now accepting Bitcoin as its official form of payment.
Beijing’s oldest science and technology journal “Technology Life” by the publisher Sci-Tech Report has just announced that they will accept Bitcoin as payment for the next year’s 2019 subscriptions for their magazine. The public explanation for it describes that this step is important to encourage mainstream adoption.
The price for a one-year subscription to ‘Technology Life’ will be 0.01 Bitcoin. All interested parties and subscribers can purchase the annual subscription by paying the amount to the newspaper’s Bitcoin address.
To deal with Bitcoin volatility issue, the publication provides a new policy for readers who subscribe through Bitcoin. If the value of Bitcoin increases significantly by 2020, the journal will refund the difference to the user.
The Beijing Sci-Tech Report (BSTR) is arguably one of the oldest technology-based magazine publishers in China. Through their publications, interested parties have been provided with the latest news from the technology sector for more than 50 years. A few years ago, the umbrella brand also bought the popular US publication “Popular Science”.
The spread of blockchain technology, as well as trust in cryptocurrencies like Bitcoin, is growing and thriving with each of these small steps. A Swiss luxury watchmaker Hublot is also pushing its way into the international limelight. The company recently announced that it latest watch model can only be purchased with Bitcoin. The Hublot brand has been referenced numerous times by popular American rappers like Jay-Z, one of the world’s richest celebrities who has been known to popularize luxury brands.
We are looking forward to seeing what further action companies across the world will take to become part of the new ecosystem as well.