The adoption of Bitcoin can happen in the unlikeliest of places. Taiwan is one such place where the growth of digital currency has taken outsiders by surprise.
Being a truly global currency, there are no borders preventing the usage of digital currency across boundaries. The decentralized nature of Bitcoin also makes it impossible for the governments to directly interfere with the transactions. This very nature of bitcoin also makes it a favored currency among international travellers as they can avoid the hassles of currency conversions and the hefty fees associated with it. But in order for them to use the digital currency at any destination, there should be enough merchants accepting it.
Taiwan is becoming a travel hotspot for Bitcoin lovers mainly because of the high adoption rates. It is not just the travellers, even the locals use the digital currency on a regular basis to pay for purchases. People can even go to a supermarket and buy Bitcoin over the counter in Taiwan.
In a recent blog post, the Japanese cryptocurrency exchange CoinCheck has mentioned about the surge in the usage of bitcoin among the Taiwanese. According to the author, there are at least 3000 FamilyMart convenience stores