Urban Tea Inc., announces acceptance of crypto-currency payment, including Bitcoin, Ethereum, and Dogecoin, in all of its stores managed by 39 Pu Tea Co. Ltd in China and all the restaurants managed by Guokui Management Inc. in the U.S starting from this week.
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As previously announced, the Company decided to start operations in blockchain technology research and cryptocurrency mining. Management anticipates utilizing a new subsidiary in China to conduct research and development of blockchain-based software and applications and the commercialization of such application as well as cryptocurrency mining.
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Urban Tea’s Chief Executive Officer Mr. Xianlong (Jack) Wu commented, “Through the deployment of cryptocurrency payment, Urban Tea plans to bring cryptocurrency application scenarios into the customers’ daily life. We anticipate our crypto mining plan to be gradually implemented and are hopeful for the promising prospect of this new opportunity for the Company.”
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