Subject: CIIX Sub to Accept Bitcoin Payments

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CIIX Sub to Accept Bitcoin Payments
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Company: (OTCQB: CIIX)


Price: 0.89

Change (%): + 0.00 (0.00)

Volume: 9,000
CIIX Chart, Inc. Announces its Wholly-owned Subsidiary, Inc., Will Officially Accept Bitcoin Payments

SAN GABRIEL, California, July 10, 2017 /PRNewswire/ -, Inc. (OTCQB: CIIX) (‘CIIX’ or the ‘Company’), the premier financial information website for Chinese-speaking investors, today announces that its wholly-owned subsidiary, Inc., will officially accept Bitcoin payments. Consumers who buy hemp-based health products, foods, and beverages can use Bitcoins in addition to more common payment methods, such as debit cards or PayPal.

Bitcoin, the first decentralized digital currency, peer-to-peer system has attracted a lot of attention in recent years. Bitcoin can be converted into cash and exchanged for currencies of most countries. Consumers can use Bitcoins to buy both goods and services, everything from computers to furniture to apps, games and videos. Large retailers such as Dell, Overstock and NewEgg accept Bitcoin payments.

The US has been at the forefront of the digital currency space since the beginning, hosting the highest number of cryptocurrency users and Bitcoin trading volumes in the world. Silicon Valley, California is home to numerous cryptocurrency, blockchain-related startups, and the highest number of Bitcoin ATMs in the world. Other Bitcoin-friendly countries include Denmark, Sweden, South Korea, the Netherlands, Finland and Canada, to name a few. For example, the Swedish Financial Supervisory Authority legitimized the fast growing industry in the country by publicly declaring Bitcoin (and other cryptocurrencies) as a means of payment.

For consumers, Bitcoin offers advantages including: cost savings, in the form of transaction fees that are ultimately passed on from the merchant to the consumer in traditional credit transactions; privacy, particularly following significant security breaches that have occurred at large retailers in recent years; and ease of use, as Bitcoin eliminates the need to enter personal information and jump through additional verification hoops, steps which most existing payment methods require.

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