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Reports: Baidu, The “Google Of China,” Is Now Accepting Bitcoin

China’s Google dips its toe into the crypto-currency.

Reports: Baidu, The “Google Of China,” Is Now Accepting Bitcoin
image: Flickr user epSos.de

An announcement on a Bitcoin forum says that Baidu Jiasule, a small security service owned by one of China’s biggest Internet companies, will begin accepting Bitcoins as payment. The press release (in Chinese) is here.

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In the U.S. Bitcoin is under increasing government scrutiny. In China the peer-to-peer virtual currency is growing in popularity, with several exchanges, investment services, and Bitcoin mining operations (Bitcoin mining involves custom high-speed computer chips, not drills and shovels).

From what we can tell, so far, the press release looks more like a publicity stunt than a serious strategic move. Rather than automating them, Jiasule included an email address for manual processing of payments. A look at the transactions shows that as of 5:30 p.m. ET, they’d taken in 0.16955721 of a Bitcoin, or about $25.97 at today’s rates.

About the author

She’s the author of Generation Debt (Riverhead, 2006) and DIY U: Edupunks, Edupreneurs, and the Coming Transformation of Higher Education, (Chelsea Green, 2010). Her next book, The Test, about standardized testing, will be published by Public Affairs in 2015.

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