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. Mar 15, · Despite most Taiwanese being clueless about Bitcoin, you wouldn’t believe how easy is to get it here. In fact, you can buy it at any convenience store such as FamilyMart, , OK Mart and Hi-Life. That's over 10 locations all over the island. If that's not enough for you, you may also get it in any bank ATM using your Taiwanese card. Bitcoin taiwan family mart is a decentralized appendage currency without a central bank or single administrator that can be sent from user to somebody on the peer-to-peer bitcoin communication equipment without the need for intermediaries. Transactions are verified away textile nodes through cryptography and live in A public distributed ledger.
Bitcoin taiwan family martTaiwanese convenience store chain Family Mart sells bitcoin
It is. Jason L. Despite the still-steep learning curve, enabling bitcoin purchases in almost 3, convenience stores in Taiwan is nothing to sniff at. For one thing, the island reportedly has the highest number of convenience stores per capita in the world. In addition, convenience store chains like and Family Mart mostly the latter, more recently the former , have a lengthy history of driving foot traffic by offering various lifestyle and top-up services.
Taiwan residents can head to the nearest C-store to pay bills and taxes, pick up packages, buy train and movie tickets, and even drop off dry cleaning. But the safe confines of a C-store chain nevertheless make great testing grounds for the bitcoin curious. Like many bitcoin enthusiasts, Bitoex co-founder Titan Cheng conceived of BitoEx as a bitcoin exchange that was localized for his home market. In order to target consumers and drive adoption, he and his co-founder decided early on to target convenience stores as a point-of-sale due to their heavy concentration across the island.
In order to mitigate their suspicions and confirm we were abiding by the law, we did lots of extra work and research and continued to communicate with them. BitoEx began formally cooperating with Family Mart in March, around the same time the exchange officially launched in Taiwan.
But the company kept its deal with Family Mart quiet and shunned local media, likely in order to avoid too much scrutiny from regulators. If bitcoin adoption indeed comes down to convenience, Cheng might have picked the right path. See: I just bought my first bitcoin. Editing by Steven Millward; top image via Flickr user synapticism. Josh Horwitz. Josh is a writer based in the great city of Taipei, Taiwan. When not pecking away at his laptop in a cafe, he can be found playing board games, making amateur subtitles for forgotten Taiwan films, and cooking Indian food sans recipe.
Usually, it takes 10 minutes to confirm the transaction , but you should see it unconfirmed in your wallet almost instantly. Please let us know what you think in the comments section below. Please update your browser to make the Internet a safer place and to view this website correctly.
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Billing info update failed. Go to FamilyMart The most straightforward way to get Bitcoin is to go to any FamilyMart store around all over the place and head straight to FamiPort. How to Buy Bitcoin Note that FamiPort is all Chinese but the process is easy as every option has a corresponding picture next to it. After you finished all necessary steps the machine will print out the bill for you.