Oldest Tech publication in China opens a bitcoin payment platform for its subscribers. Bitcoin payment for 2019 subscriptions is opened by China’s oldest technology publication, The Beijing SciTech Report (BSTR). This is reported by Asian Times on Oct. 1, 2018.
BSTR publishes both on Big Data and life science. The BSTR has a readership base of Millions, the print is mainly of both original and permission content. Recently it started introducing readers to the Blockchain technology and cryptocurrencies with its potential broader economy. BSTR is called as the “TECHNOLOGICAL LIFE” in the country.
By this BSTR shows its interest in promoting Blockchain technology and Bitcoin payments. Its practical actions are witnesses for this.
For cryptocurrencies users, it will be about 0.01BTC for monthly copies starting January 2019. For normal subscription with Chinese currency is 450 RMB ($65). Its giving refund on cryptocurrency by slippages.
Wildly unstable prices of Bitcoin observed by industry since bitcoin’s rise. This may question the practical use of the Bitcoin payment mode. For example, it may lead 2 customers to pay different prices for the same products which they buy in BTC days apart -proving its a redundant method.
The publication states that it can easily cultivate new readers by the adoption of “rising technology”. According to the rising technology BSTR will refund in USD or RMB -if the price of Bitcoin increase significantly by 2020.
Fortune, Good health, Travel, and Leisure adopted bitcoin payment long back in 2014 and even Time Inc the magazine conglomerate announced that it will accept bitcoin payment. Many have removed the payment option due to lack of traction and other technical issues.
BSTR stated that it has better blockchain technology and its users to increase its readers base by adopting a new bitcoin payment method.