Chinese smartphone giant Xiaomi has denied that one of its overseas online stores has started accepting cryptocurrency payments as its official act.
The store, Mi Store Portugal, recently started supporting payments using cryptocurrencies.
Mi Store Portugal's move to start accepting cryptocurrency payments is unrelated to Xiaomi’s actions, Xiaomi said on Weibo.
"Today we noticed information appearing on overseas social media platforms about Mi Store Portugal accepting payments in cryptocurrencies," Xiaomi said.
The information was released by Mi Store Portugal, an authorized partner of a third-party Xiaomi store in Portugal, and the partner's local operations are not related to Xiaomi's operations, Xiaomi said.
Mi Store Portugal said on its official social media page that users can use Bitcoin, Ether, USDT and DASH to buy smartphones, vacuum cleaners, smartwatches, electric scooters and other Xiaomi devices.
Xiaomi's first-half 2020 earnings report showed that for the first time, it generated more than 50 percent of its revenue from overseas and ranked in the top five in smartphone sales in 47 markets worldwide.