BitoEX and OKCoin join forces to enter Taiwan's convenience store market

FamilyMart in Taiwan has once again joined hands with BitoEX Technology Company and OKCoin International. Nearly 3,000 convenience stores under its umbrella will be the first to introduce the use of BitoEX Bitcoin wallets from now on. Since then, Taiwan has become the region with the most physical stores accepting Bitcoin in the world.

Previously, Bitcoin exchange BitoEx has cooperated with FamilyMart to provide a solution for purchasing Bitcoin in 3,000 FamilyMart convenience stores in Taiwan. This cooperation goes a step further. Consumers around the world can spend as much as they want in Taiwan FamilyMart by using BitoEX Bitcoin wallet and the backend services provided by OKCoin International. It is expected that the new cooperation will attract international backpackers, self-guided travelers, foreign business travelers and "FamilyMart" consumers. The relevant partners will become the largest physical Bitcoin channel merchants in Asia.

Previously, the U.S. Commodity Futures Trading Commission (CFTC) announced that it would list Bitcoin as a commodity and has allowed Bitcoin and some other virtual currencies to enter some commodity trading websites. So far, the stable development of Bitcoin has been certified by many governments, making "Family" pay attention to the future development trend of Bitcoin.

FamilyMart said that last year, it cooperated with BitoEX to sell Bitcoin for the first time in the world, which was very popular. FamilyMart became a "pilgrimage site" for Bitcoin enthusiasts when they come to Taiwan. This year, the two parties cooperated to build a Bitcoin wallet payment environment so that people coming to Taiwan can enjoy fast and convenient payment methods with FamilyMart consumers.

BitoEX CEO Titan said that BitoEX Lab invested in the development of financial applications such as Bitcoin blockchain technology, international clearing mechanisms and BitoEX Bitcoin wallets last year, and achieved significant results. This time, FamilyMart took the lead in introducing BitoEX Bitcoin wallets to integrate international payments, linking the retail industry and financial technology, which is more revolutionary and innovative.

OKCoin CEO Xu Mingxing said that OKCoin is one of the world's largest Bitcoin trading platforms, with daily trading volume accounting for about 20% of the total Bitcoin trading volume. BitoEX is also the most powerful Bitcoin company in Taiwan. OKCoin and BitoEX have been committed to exploring the technical value of Bitcoin and creating a more open financial system. It is believed that BitoEX will make more breakthroughs in related fields in the future.

Bitcoin is a decentralized payment system. For the first time in human history, humans can achieve instant and fast transactions in such an open financial system without the intervention of third parties. This year, many bankers have also shown great interest in Bitcoin and started to cooperate more with Bitcoin startups. Titan pointed out that BitoEX is a financial technology company with international clearing capabilities. With the widespread application of Bitcoin, BitoEX has begun to enter the Southeast Asian market and accelerate the expansion of Bitcoin's service functions that bring convenience and security to human life. Its business cooperation with OKCoin will also be expanded accordingly.

BitoEX Profile

Company attributes: British Virgin Islands financial technology company

Date of establishment: May 2014

CEO: Titan Cheng

Service Content:

Bitcoin Wallet

Debit Card (Bitcoin Debit Card)

BitoPay (Bitcoin payment gateway)

Barter Code (virtual treasure trading mechanism)
OKCoin Profile

Founded: 2013

CEO: Xu Mingxing

Service content: OKCoin.com is a global virtual currency trading platform, which has received one million US dollars of angel investment from investment clubs and Silicon Valley venture capitalist Tim Draper. At the end of 2013, OKCoin completed a round A financing of tens of millions of US dollars, and the investment institutions included venture capital funds such as Lianchuang Ceyuan and Mantu Capital. On October 30, 2015, OKCoin's Bitcoin trading volume reached 1.38 million, and LTC reached 83.25 million, which is the highest single-day trading volume of virtual currencies in the world. OKCoin has always been committed to providing users with the industry's top systems, products and services.