Gambling is ingrained in Chinese culture and social interactions. These symbolic poker chip-influenced physical bitcoin chips may even drive up bitcoin value. Infiltration into the non-IT savvy Chinese market is fairly likely.
Also read: Chinese exchange and mining company BTCC launches titanium physical bitcoin series
BTCC has launched the “six color signature set” of physical bitcoin chips in six denominations. These range from 1,000 bits to 500,000 bits.
Physical Bitcoin Chips Are More Than Just Collectible
BTCC’s belief in physical bitcoin chips lies in the continued ascendancy of bitcoin and its usage. These chips could be used as a bridge to introduce bitcoin to the non-IT savvy market.
The hologram sticker on the chips’s reverse side consists of the private key with its QR code. It brings convenience to IT-savvy consumers who can then scan the code to import the value into any bitcoin wallet.