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from the giving-new-meaning-to-the-word-BLOCKchain dept.
Businesses are turbocharging cryptocurrency adoption as demonstrations against Chinese interference in Hong Kong enter their 12th week.
Hong-Kong based department store, Pricerite announced, on Facebook Monday that it will now accept bitcoin, ether, and litecoin at all its stores.
Starting immediately, its new concept store at the popular MegaBox shopping centre in Hong's Kong's Kowloon Bay area, will convert crypto payments into Hong Kong Dollars (HKD) in real time at its cash registers. With Bitcoin's Lightning Network that's possible in a matter of seconds, according to Pricerite.
Bitcoin Cash is also proving popular among protest supporters, and measures are being taken to further promote the cryptocurrency, as well as to support dissidents.
Genesis Block operates 14 crypto currency ATMs in Hong Kong, trading under the name "CoinHere." In July, the ATM operator distributed water paid for with international donations made in bitcoin cash.
The water bottles had a QR code that allowed recipients to donate bitcoin cash to fund additional supplies for protestors.
The exchange also provided umbrellas to the protestors. The umbrellas featured the bitcoin symbol, and were a nod to the 2014 "Umbrella Revolution" in Hong Kong, during which hundreds of thousands of residents took to the streets in protest.
(Score: 1) by Sulla on Thursday August 29 2019, @10:19PM
If you are looking to get out on the quick (tanks rolled in last night) its easier to buy BTC than it is to buy Ripple, XLM (TO THE MOON), or other more stable cryptos. TFA says that HK citizens are also using it for transactions, to my knowledge there is not yet much backbone for buying things with Ripple/else. Also because it appears to mostly be transactional and for getting money out you are just looking for something to do an instant exchange of HK for USD or HK for goods. You don't hold the BTC for much longer than it takes to make the transaction.
By avoiding transactions in HK or Yuan you avoid the government getting the cut of the transaction they will use to buy the bullets they will send back in your direction.
Ceterum censeo Sinae esse delendam