Taiwanese Startup to Let Customers Buy Bitcoin in Convenience Stores

 newsbtc.com / Sarah Jenn / Jun 11, 2015 12:00PM UTC

A new company in Taiwan called Maicoin announced its plans to let customers buy bitcoin in 10,000 convenience stores in the country. According to its founder and CEO Alex Liu, this could benefit foreign workers who are using bitcoin for remittances.

To do so, customers need to create a Maicoin account using the mobile app or web-based wallet. They can place an order to buy bitcoin through these and pay in cash at the counter of the convenience store to complete the transaction. Purchases can also be done through regular bank ATMs from their personal accounts and fund transfers.