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 serve as Bitcoin gateways.
Around the world, the preferred financial systems are being leveraged by local Bitcoin companies to provide on-ramps to the Bitcoin world in whichever way is most familiar to natives. For East Asia, convenience stores are a lot more convenient than foreigners might think. It is possible to pay all of your bills at a Family Mart or at Family Mart’s largest competitor: 7 Eleven. Other Taiwanese Bitcoin exchanges include Maicoin, which has been in operation for longer than BitoEx.
Check out this video detailing the buying process at Family Mart:
Taiwan: The Convenience Store Capital of the World
For years now, Taiwan has had the highest number of convenience stores per capita for any country in the entire world. At these stores, it is possible to use free wireless internet, pay bills, buy phone cards, eat all three meals, etc. The use of convenience stores for all types of daily activities – for convenience – is only rising year after year; both Family Mart and 7 Eleven post record profits in Taiwan. Even rural mountain villages will have one convenience store; in contrast, a standard city block will often have two or more. The Bitcoin community in Taiwan is growing, and the new BitoEx deal is the world’s first audible Bitcoin pop in Taiwan. The Taiwanese Bitcoin community has put up Bitcoin machines despite Taiwanese government opposition. As Gatewood states on Reddit:
…there’s a real movement here, and it isn’t just one person. There are a lot of people who want to move crypto forward here in Taiwan. More than I expected, coming from Japan. I’m really impressed.
Do you use Bitcoin in Taiwan? Please share your story in the comment section below!
Images from Shutterstock.
Last modified: March 4, 2021 4:40 PM