Bitcoin's Winning Shoppers in Taiwan With This Retail Giant's Help
Convenience store chain FamilyMart is now accepting bitcoin at its nearly 3,000 locations in Taiwan after striking a deal in October with local wallet provider BitoEX. Since the news, FamilyMart has been allowing customers to use bitcoin, through a BitoEX wallet, to buy cash coupons accepted at its stores. The coupons are dispensed by its FamiPort terminals, which are a common payment channel used for everything from paying parking ticket fines or utility bills to buying train or movie tickets. The move is aimed at visitors to Taiwan and a growing domestic user base, FamilyMart's public....
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Taiwanese digital entertainment company Wayi is aiming to become Taiwan's first bitcoin exchange, and announced it will soon begin accepting bitcoin as a payment option on its shopping site. Wayi International Digital Entertainment, which operates gaming portal Wayi.com.tw and online marketplace Wmall.com.tw, released a statement saying Wmall's new system will launch on 1st January. Wayi will be the first large Taiwan-based company to offer this option. Wayi also plans to start Taiwan's first bitcoin exchange service, allowing people to buy bitcoins with local currency. The latter move is....
Two large convenience store chains in Taiwan, Hi-Life and OK Mart, have turned into de facto Bitcoin buying locations for Taiwan's highly tech-connected population. Two months ago, BitoEX started letting users buy Bitcoin directly at their local Family Mart. Now, that functionality is available in Hi-Life and OK Mart, bringing the total amount of convenience stores wired for Bitcoin buying to over 5,000. Taiwan is slowly but surely embracing Bitcoin as the island nation's residents start to establish key infrastructure for Taiwan's Bitcoin ecosystem. Now that the country's 2nd, 3rd, and....
Technology giant Microsoft has announced the formation of what it calls Asia’s “first and most advanced consortium blockchain network”, to use its Azure cloud platform, in Taiwan. With a focus on the Fintech sector wherein blockchain technology is primed to bring disruption to the banking industry, Microsoft has partnered with industry firm AMIS and the Technology Research Institute of Taiwan (ITRI) to form the new consortium. Additionally, Microsoft has also collaborated with a number of regional banks to push blockchain technology in the Taiwanese financial market. Partner banks include....
It is looking like good times in the retail industry as BuySellVouchers gives a solution that allows users of the platform to shop in the most popular retail chains with cryptocurrency. The innovative solution from one of the leading online marketplaces for digital goods allows shoppers to purchase gift cards of major retail shops using different digital currencies. The emergence of digital currency has practically disrupted the financial system, with its unique features and benefits endearing it to millions of people across the globe. While the retail industry has evolved over the years....