- Will accept payments in cryptos like BTC, ETH, DOGE, and so on
- The main aim is to present scenarios involving the usage of crypto
- Company to deploy a new subsidiary for blockchain research and development
In the past few years, the adoption of blockchain and cryptocurrency has been tremendous. We have seen several MNCs, retailers extending their hand towards the crypto world by accepting payments in cryptocurrency.
By Introducing Crypto Payments, Users Will be Introduced to Applications of Crypto
According to PRNewswire, Urban Tea Inc. has recently announced that it will accept payments in cryptocurrencies starting from this week itself. Payments in cryptos like Bitcoin, Ethereum, and the recently infamous, Dogecoin will be accepted throughout all its stores managed by 39 Pu Tea Co. Ltd in China.
Also, in all the restaurants managed by Guokui Management Inc. in the U.S., Urban Tea Inc is a renowned retailer and distributor of specialty tea products in China.
Urban Tea has Been Researching on Blockchain as Well as Crypto Mining
The Chief Executive Officer of Urban Tea, Mr. Xianlong (Jack) Wu, said that their main motive for introducing crypto payments is to show the customers the real-world usage of crypto. The CEO believes that their plans involving crypto mining will be rolled out very shortly and hopeful that their new decisions will benefit the company in every way.
The company had started researching crypto mining as well as decided to start new applications based on blockchain technology.
The management team of the company is planning to deploy a brand new subsidiary in China. This new subsidiary will overlook research as well as the development of blockchain-based software and applications. They will also work on the commercialization of these applications.8All suggestionsbe Introduced·Rewrite the sentenceCLARITY… will accept payments in cryptos like Bitcoin, Ethereum, and the recently infamous, DogecoinUpdating suggestion…Consider rewriting this sentence in the active voice and specifying who or what performed the action. The passive voice isn’t an error, but it may be less clear and compelling in general writing.
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