SAN GABRIEL, California, July 10, 2017 /PRNewswire/ --
ChineseInvestors.com, Inc. (OTCQB: CIIX) ('CIIX' or the 'Company'), the premier financial information website for Chinese-speaking investors, today announces that its wholly-owned subsidiary, Chinesehempoil.com Inc., will officially accept Bitcoin payments. Consumers who buy hemp-based health products, foods, and beverages can use Bitcoins in addition to more common payment methods, such as debit cards or PayPal.
Bitcoin, the first decentralized digital currency, peer-to-peer system has attracted a lot of attention in recent years. Bitcoin can be converted into cash and exchanged for currencies of most countries. Consumers can use Bitcoins to buy both goods and services, everything from computers to furniture to apps, games and videos. Large retailers such as Dell, Overstock and NewEgg accept Bitcoin payments.
The US has been at the forefront of the digital currency space since the beginning, hosting the highest number of cryptocurrency users and Bitcoin trading volumes in the world. Silicon Valley, California is home to numerous cryptocurrency, blockchain-related startups, and the highest number of Bitcoin ATMs in the world. Other Bitcoin-friendly countries include Denmark, Sweden, South Korea, the Netherlands, Finland and Canada, to name a few. For example, the Swedish Financial Supervisory Authority legitimized the fast growing industry in the country by publicly declaring Bitcoin (and other cryptocurrencies) as a means of payment.
For consumers, Bitcoin offers advantages including: cost savings, in the form of transaction fees that are ultimately passed on from the merchant to the consumer in traditional credit transactions; privacy, particularly following significant security breaches that have occurred at large retailers in recent years; and ease of use, as Bitcoin eliminates the need to enter personal information and jump through additional verification hoops, steps which most existing payment methods require.
"I am delighted to announce the addition of Bitcoin payment to the ChineseHempOil.com site," says Warren Wang, founder and CEO of CIIX. "By providing advanced payment technology such as Bitcoin, consumers will benefit from cost savings, increased privacy and ease of use."
About ChineseInvestors.com (OTCQB: CIIX)
Founded in 1999, ChineseInvestors.com endeavors to be an innovative company providing: (a) real-time market commentary, analysis, and educational-related services in Chinese language character sets (traditional and simplified); (b) advertising and public relation-related support services; and (c) retail, online and direct sales of hemp-based products and other health-related products.
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This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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SOURCE ChineseInvestors.com, Inc.