China’s oldest tech media, Beijing Sci-Tech Report (BSTR), switches to Bitcoin to increase cryptocurrency adoption
Beijing’s oldest technological publication Sci-Tech Report’s “Technology life”, has just announced that they would be accepting Bitcoin for the 2019 issue edition of the publication. In the statement released by the publication, they are taking this step to help in Bitcoin adoption to the masses. In doing so, they become the first media in Beijing that accepts Bitcoin.
The publication announced that the price of “Technology Life” is 0.01 bitcoin (BTC) for a year of subscription. Subscribers can pay subscription fees to the specific bitcoin receiving address of the newspaper to complete the subscription.
To combat the high volatility of Bitcoin, the publication provides a new policy for users who subscribe through Bitcoin. Subscribers subscribe to the publication through bitcoin at a certain price, after the end of the one-year subscription period, if the value of Bitcoin increases, the newspaper will refund the difference to the user.
China's oldest tech media – Beijing Sci-Tech Report (BSTR) announces its "Tech Life" now accepts Bitcoin subscription (0.01BTC). BSTR explains that the main purpose of this move is to promote the blockchain technology through practical actions.
— cnLedger (@cnLedger) September 30, 2018
The Beijing Science and Technology News is the oldest technology media in China. Their publication has been covering the technological space for more than 50 years. The Beijing based brand also bought the popular US-based publication “Popular Science” to China. The publication is the official newspaper Ministry of Science and Technology of the People’s Republic of China.
Despite the cryptocurrency ban by China, Bitcoin and other popular cryptocurrencies such as Ethereum are being widely used in China. Recently, the Shanghai District court announced virtual currencies as a property and are subject to property laws.
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