Maicoin launches new system that lets users buy bitcoin at 10,000 convenience stores

FinTech | June 12, 2015 By:

On Wednesday, June 10, Maicoin has launched a system that lets users buy bitcoin at 10,000 convenience stores in Taiwan, both over the counter and at in-store terminals.

“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,” said Maicoin founder and CEO Alex Liu.

To use the service, customers create an order for bitcoin using Maicoin’s mobile app or web-based wallet, then simply hand cash to the shopkeeper to complete the transaction. They can also do the same via regular bank ATMs from their personal bank accounts, with a direct fund transfer.

Maicoin is a digital currency exchange and investment platform in Taiwan.