BitoEx Partners with Hong Kong-Based Exchange to Bring Bitcoin to over 5000 Convenience Stores in Taiwan
Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term buying service, BitoEx, has reportedly partnered with Hong Kong-based bitcoin exchange KBBEX to bring bitcoin to over 5,000 convenience stores in Taiwan.
KBBEX supports 11 fiats for trading: USD, CNH (offshore CNY), EUR, HKD, GBP, AUD, CAD, CHF, JPY, SGD and NZD. It claims to offer no-fee trading, and plans on adding p2p lending, savings and futures trading offerings in the future - like some of its larger Chinese counterparts.
The partnership will allow Taiwanese shoppers to buy bitcoin with Taiwan dollars (TWD) in FamilyMart, OK Mart and Hi-Life stores. Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term will be accessed through KBBEX's order book, which happens not to support TWD.
It is hoped that greater access to bitcoin will help it gain higher penetration in the country. Said Patrick Lam, CEO at KBBEX:
"Bitcoins global markets have entered into a brand new financial era. Bitcoin-related financial tools and its derivatives have attracted billions of investment funds from Wall Street and Silicon Valley."
He continued, however, that the existing OTC markets have been insufficient to satisfy demand, hence the partnership with an exchange.
Liquidity will be further enhanced upon KBBEX's planned expansion to China and its addition of an onshore CNY offering.
Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term buying service, BitoEx, has reportedly partnered with Hong Kong-based bitcoin exchange KBBEX to bring bitcoin to over 5,000 convenience stores in Taiwan.
KBBEX supports 11 fiats for trading: USD, CNH (offshore CNY), EUR, HKD, GBP, AUD, CAD, CHF, JPY, SGD and NZD. It claims to offer no-fee trading, and plans on adding p2p lending, savings and futures trading offerings in the future - like some of its larger Chinese counterparts.
The partnership will allow Taiwanese shoppers to buy bitcoin with Taiwan dollars (TWD) in FamilyMart, OK Mart and Hi-Life stores. Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term will be accessed through KBBEX's order book, which happens not to support TWD.
It is hoped that greater access to bitcoin will help it gain higher penetration in the country. Said Patrick Lam, CEO at KBBEX:
"Bitcoins global markets have entered into a brand new financial era. Bitcoin-related financial tools and its derivatives have attracted billions of investment funds from Wall Street and Silicon Valley."
He continued, however, that the existing OTC markets have been insufficient to satisfy demand, hence the partnership with an exchange.
Liquidity will be further enhanced upon KBBEX's planned expansion to China and its addition of an onshore CNY offering.