BitoGroup's Strategic Expansion Doubles Market Reach in Taiwan

April 17, 2024 08:30 PM AEST | By Cision

Google News:

BitoGroup's Strategic Expansion Doubles Market Reach in Taiwan — Image source: Kalkine Media

Recent News

ENGIE and NHOA Energy Break Ground on 400 MWh Battery Project in Belgi...

What Is Driving Centuria’s Confidence and How Is the ASX 200 A-REIT In...

What Is Behind Macquarie’s Drop and How Is the ASX 200 Financials Inde...

Annual Benevity State of Corporate Purpose Report Finds Purpose Remain...

TAIPEI, April 17, 2024 /PRNewswire/ -- BitoGroup, the leading cryptocurrency market leader in Taiwan, has been driving the development of Bitcoin infrastructure and transactions since 2014, commanding a remarkable 90% market share in the country. With its performance doubling and an observed 50% increase in its active user base, BitoGroup is at the forefront of pioneering everyday crypto applications. It offers innovative services such as the 'Points-to-Crypto' service, crypto payment solutions, and cryptocurrency exchange services.

Recognizing its dedication to innovation, BitoPro Exchange was honored with the prestigious Digital Innovation Award. The updated BitoPro Exchange app enhances user experience and ranks second on iOS App Store, making it the most preferred crypto exchange in Taiwan, reflecting BitoGroup's commitment to accessibility.

BitoGroup Builds an Extensive Bitcoin Purchase Network

Taiwan boasts the second-highest density of convenience stores globally, with flourishing loyalty programs forming the cornerstone of daily life. According to the Market Intelligence & Consulting Institute (MIC) in Taiwan, "Points Accumulation and Redemption" ranked as the most pragmatic feature among major retail app functions in their 2021 consumer behavior survey.

BitoGroup's strategy revolves around forging partnerships with prominent entities to facilitate the transition from Web2 to Web3 for both businesses and the general public. The collaboration between BitoGroup, Circle, and Taiwan FamilyMart is a strategic move to capitalize on the opportunity presented by loyalty points. The partnership introduces a groundbreaking 'Points-to-Crypto' service, allowing 17 million FamilyMart members to seamlessly convert loyalty points into digital currencies like BTC, ETH, USDC, and USDT.

Since 2014, BitoGroup has led Bitcoin purchases through convenience stores, offering mobile barcode payment via the BitoPro Exchange App across 4000+ physical stores. This initiative garnered international attention, marking a significant milestone in the cryptocurrency market.

About BitoGroup

Founded in 2014, BitoGroup aims to use blockchain technology to achieve the goal of inclusive finance, including assisting companies and consumers to enter the new era of Web3. The businesses of the group include BitoPro (a cryptocurrency exchange), BELS (an NFT empowerment platform), and O2 META (a metaverse-focused social media platform).

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.