Bitcoin is used to buy physical goods. Guokr launches Bitcoin payment function

Bitcoin, as a new virtual currency in the Internet world, has been widely recognized in Europe and the United States. You can use Bitcoin to buy a hamburger or exchange Bitcoin for cash, but not many people in China know about Bitcoin. In April 2013, Jet Li's One Foundation began to accept Bitcoin donations; in October, Baidu Accelerator announced that it would accept Bitcoin payments. Now, Guokr Electronics, which is well-known for its smart watches, has also quietly joined the Bitcoin army.


When submitting an order, some netizens found that in addition to the common payment options of Alipay, Shengfutong and credit cards, the payment option of igeak.com has also been added to Bitcoin. GEAK Watch smart watches and GEAK Eye/Mars smartphones under igeak can all be paid with Bitcoin, making it the first company in China to support the purchase of physical goods with Bitcoin.

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After submitting a Bitcoin payment order, the official website will generate a payment account and the required Bitcoin value, and users can transfer the money to the corresponding account. The market demand for smart watches is rapidly increasing. As of the National Day Golden Week, the sales volume of GEAK Watch has exceeded 100,000 units. As the overseas Bitcoin market is relatively mature, the addition of Bitcoin payment to the official website of GEAK Electronics has confirmed the previous rumors that GEAK is entering the overseas market, and is also an attempt at emerging payment methods.
What is Bitcoin?

Bitcoin is an electronic currency generated by open source P2P software. Some people also translate Bitcoin as "Bit Gold". It is a network virtual currency. Bitcoin is not issued by a specific monetary institution. It is generated through a large number of calculations of a specific algorithm. The Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all transactions. According to the exchange rate of CNY2BTC, the value of Bitcoin has exceeded the 200 US dollar mark, that is, 1 Bitcoin can be exchanged for 200 US dollars.