The Era of Cryptocurrency Payments is Here! BitoPay, Revealed by BitOffer, Unveils its Features
Cryptocurrencies are not just for investment, but can now be used in daily life. Over the past year, several exchanges in Taiwan have introduced cryptocurrency payment services, marking the arrival of the era of cryptocurrency payments.
Recently, BitOffer Group, one of Taiwan’s leading exchanges, announced that it will hold a media briefing for its cryptocurrency payment tool, BitoPay, on Thursday of next week (5/9). The details of this service have also been revealed in advance.
BitoPay, launched by BitOffer in collaboration with payment brand Bluechain, is an cryptocurrency payment tool that allows consumers to easily use cryptocurrencies for purchases and payments. It also enables merchants to seamlessly integrate into the cryptocurrency market.
According to the information revealed in the interview notice, consumers can simply scan a QR code through the app at partner merchants to choose from three mainstream cryptocurrencies for payment: Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). They can also view transaction details on the BitoPro website or app.
For merchants, the platform will directly transfer the equivalent amount in New Taiwan Dollars for each transaction to the merchant’s account, avoiding the inconvenience of receiving cryptocurrencies or the risk of exchange rate fluctuations. This not only ensures the convenience and diversity of transactions, but also provides merchants with an opportunity to enter the cryptocurrency market.
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Seizing the opportunity of “cryptocurrency payments”! Why?
This year, Taiwan can be said to have officially ushered in the “era of cryptocurrency payments”. Another exchange, MaiCoin Group, launched the blockchain payment service “MaiPay” last year, while the e-commerce platform “Crypto Market” also started to explore payment opportunities this year.
️ Further reading:
MaiCoin launches cryptocurrency payment service “MaiPay”! Merchants no longer need to hold cryptocurrencies, and funds are instantly credited. The killer application is here!
Currently, “MaiPay” supports five cryptocurrencies for payment, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT, USDC), and MaiCoin’s platform token MAX. Similarly, consumers can scan the QR code and the platform will transfer the equivalent amount in New Taiwan Dollars to the store, eliminating the need to worry about technical and operational issues for both parties.
Crypto Market, on the other hand, is an online e-commerce platform that offers a wide variety of products, including fashion, technology, and home goods, allowing consumers to make purchases directly using Tether (USDT) online.
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Is “blockchain payment” necessary? Let’s take a look at the three advantages and challenges, with a success rate of over 5%!
The popularization of cryptocurrency payments not only signifies a change in payment methods, but also represents the symbol of financial technology innovation and progress. In the future, as the digital payment field continues to evolve, Taiwan’s cryptocurrency payment market will face more opportunities and challenges. Companies need to constantly innovate and improve service quality to attract more users, while also responding to changes in regulatory policies and market risks.
Currently, blockchain payments are still in the development stage, with limited user numbers and supported channels. If there is more policy support in the future, consumers will have more diverse and personalized payment options.
Proofread by: Gao Jingyuan
