[2015-06-10] CD: Taiwanese Company Brings Bitcoin to 10,000 Convenience Stores

[Grand_Voyageur]

Taiwanese Company Brings Bitcoin to 10,000 Convenience Stores

Taiwanese startup Maicoin has launched a system that lets users buy bitcoin at 10,000 convenience stores in the territory, both over the counter and at in-store terminals.

Maicoin founder and CEO Alex Liu said foreign workers using bitcoin for remittances would benefit from the over-the-counter service, as it does not require users to have a bank account.

In Asia, people routinely pay utility and postal bills at convenience stores by giving physical cash to store clerks who initiate electronic transfers.

Full story: http://www.coindesk.com/taiwanese-company-brings-bitcoin-to-10000-convenience-stores/

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[bryant.coleman]

It is good that Bitcoin services are available on so many stores. But the big question is who is going to use them? Right now, there are at the most around 1 million Bitcoin users, of which some 100,000 may be serious users. Even if we estimate that 1% of them (1,000) reside in Taiwan, that corresponds to 10 stores per user.

[LiteCoinGuy]

it is always good to have this places in case we will see a huge surge in bitcoin-users in the future. we have today alot more infrastructure than back in 2013, and we will need that.