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 buy process at Family Mart:
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: October 15, 2014 08:41 UTC