Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
BitThink
on 29/11/2013, 04:57:01 UTC
Can someone who speaks Chinese verify this:

China Telecom Accepts Bitcoin:

http://www.reddit.com/r/Bitcoin/comments/1roulj/china_telecom_accepts_bitcoin/

Kind of.

1) It's the branch of China Telecom in Jiangsu Province.

2) It's a one time event for buying the new Samsung Smartphone.

2) Bitcoin (0.1BTC) is only used as a pre-order deposit, and will be deducted from the total price on the purchase day based on the exchange rate then.

This is just an attempt or a signal of the merchants to test how the government handle it. I don't think the government will allow BTC paying in general cases, at least in near future.