China to offer $200,000 in BTC for shaving cream slime
China has said it will offer to supply BTC-denominated shaving cream to its customers in the United States for a price of around $200 million.
The company, China Shaving Cream, has been operating in China for a number of years and was originally created as a Chinese cosmetic brand by Shanghai-based brand Guangzhou Zhongxiang Cosmetics.
In September, the company announced that it was expanding into the US and will be able to provide products in stores beginning in January, according to Reuters.
The brand is expected to have about 10,000 locations worldwide, and has been expanding its offerings to the US, Europe and Japan.
The price was announced on Twitter.
“We are confident that we can make a significant contribution to the growth of shaving cream in the US,” China Shave Cream said in a statement.
“We believe that it will be the best product to be able offer for shaving in the region, where we are looking to grow our global presence and the potential of the US market.
We have made great progress in our business model, and we are ready to make a great contribution to our customers.”
China Shaving Powder has been selling products in China since it launched in 2011, and was founded by Shanghai entrepreneur Zhen Yu and Shanghai-listed company Zhejiang Zhong xiang Cosmics.
China Shaves Cream, which also operates in Japan and the US has expanded to other countries including the Philippines and Brazil.