Taiwanese Startup to Let Customers Buy Bitcoin in Convenience Stores
A new company in Taiwan called Maicoin announced its plans to let customers buy bitcoin in 10,000 convenience stores in the country. According to its founder and CEO Alex Liu, this could benefit foreign workers who are using bitcoin for remittances. To do so, customers need to create a Maicoin account using the mobile app or web-based wallet. They can place an order to buy bitcoin through these and pay in cash at the counter of the convenience store to complete the transaction. Purchases can also be done through regular bank ATMs from their personal accounts and fund transfers. Buy Bitcoin....
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Taiwanese startup Maicoin has launched a system that lets users buy bitcoin at 10,000 convenience stores in the territory, both over the counter and at in-store terminals. Maicoin founder and CEO Alex Liu said foreign workers using bitcoin for remittances would benefit from the over-the-counter service, as it does not require users to have a bank account. In Asia, people routinely pay utility and postal bills at convenience stores by giving physical cash to store clerks who initiate electronic transfers. To use the service, customers create an order for bitcoins using Maicoin's mobile app....
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....
BitoEx has a new solution for buying Bitcoin in Taiwan that will be familiar to Taiwanese Bitcoin users. "Things have changed in the last 6 months," according to Jason Gatewood. Gatewood has filmed a descriptive Youtube video that details the buy process now available to 20+ million Taiwanese. Some countries and continents, such as Africa, are getting Bitcoin access through existing mobile payments services. In other parts of the world, the e-banking community is ready to interact with companies that provide services for Bitcoin companies in Bitcoin purchase agreements, allowing banks to....
The organizers of a large-scale project to make bitcoin available over the counter at thousands of Taiwanese convenience stores have spoken about the efforts it took to bring their plan to fruition. The main hurdles were overcoming lack of knowledge about bitcoin and local regulatory fears among mainstream businesses, according to local exchange BitoEX. Despite these, the company still managed to launch a fully operational bitcoin-purchasing service in October, with a rollout to 2,980 Family Mart stores. It then expanded to over 5,000 stores in total, with the addition of the OK MART and....
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....