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Chinese Media Outlet Exposes Masses to Bitcoin

Xinhua News Agency, the official state-run press agency of the People’s Republic of China,  released a report stating Bitcoin as the first successful application of blockchain technology.

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The recent publication by Xinhua News Agency appears to be related to President Xi Jinping’s ambition to “take the leading position in the emerging field of blockchain.” Since Xi’s announcement, a wave of new initiatives has come to light aiming to put China at the forefront of blockchain technology.

As China expedites the development of a government-backed digital currency, it is very likely that more media outlets around the nation will push content about Bitcoin and blockchain technology. Like Xinhua News Agency’s Bitcoin report, all of this exposure would boost the understanding and, subsequently, the adoption of this technology.

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