PayPal terminates payment service in Taiwan, Bitcoin may become the first choice

     As the first choice for online payment, PayPal recently announced that it will stop its local payment business in Taiwan.

PayPal has announced that it will terminate its local payment services in Taiwan for users in Taiwan. PayPal stated that this decision was made in accordance with local laws and regulations.

Dear Customers,

According to the laws and regulations of Taiwan, our company will upgrade its business to simplify the service, so that you can continue to use our local business payment function in the future. This adjustment will take effect on September 12, 2015. At that time, as long as both parties' PayPal accounts are registered in Taiwan, they can transfer money. It should be noted that you can still use the international payment function to make transactions during this period.

We apologize for the inconvenience this has caused. We will improve our service quality and bring you more satisfactory service.

Earlier this week, PayPal announced that it would withdraw from Puerto Rico. In order to strengthen local fiscal management, the Puerto Rican government enacted a law that required all peer-to-peer payment companies to pay a 2% tax.

Although PayPal has cancelled its local payment business in Taiwan, it still provides international payment and trade services to the local area.

This means that local payment services in Taiwan will be in short supply, but this gap is an opportunity for other payment platforms.

Taiwanese people will seek other ways to complete local payments, and Bitcoin may be one of their options.

By filling the gap left by PayPal, Bitcoin could become the preferred app for online payments in Taiwan.