The third-party payment leader brand “BluePay” under BlueNew Technology has partnered with the BitoPro exchange to launch the “BitoPay” cryptocurrency payment solution. This move provides innovative payment methods for over 300,000 online merchants with BluePay. BitoPro has become the only exchange in Taiwan that handles cryptocurrency payments and settlements for third-party payment companies. In addition, BitoPro will also open up this payment protocol in the future to collaborate with Virtual Asset Service Providers (VASPs) in Taiwan to create a better application infrastructure and attract more international startups and blockchain companies to cooperate.
Since its establishment ten years ago, BitoPro has always adhered to the concept of “bringing change through technology” and has been relentlessly promoting the popularization of cryptocurrencies. This persistence has led to an extensive network covering over 4,000 convenience stores across Taiwan, making purchasing cryptocurrencies a part of people’s daily lives. For example, the 17 million members of FamilyMart can easily convert their reward points to cryptocurrencies such as Bitcoin. Furthermore, as a partner of US-based Circle Stablecoin in Taiwan, BitoPro further expands the ecological use of stablecoins among the Taiwanese population and becomes the most influential and widely spread cryptocurrency company. These achievements not only demonstrate BitoPro’s efforts in technological innovation but also reflect its profound impact on the development of financial technology.
The adoption of the “BitoPay” cryptocurrency payment gateway by BluePay is an important and innovative infrastructure. BitoPro’s mission is to handle high-volume payments, verify transactions, and settlements. BitoPro believes that BluePay will serve as an important bridge between merchants and consumers in the Web3 era and is currently the only payment gateway in Taiwan that supports cryptocurrency payments. This highly affirms and expects BluePay’s commitment to promoting blockchain technology and financial technology innovation.
For all BitoPro users who have completed real-name verification, the “BitoPay” payment function is built-in. Users only need to open the BitoPro exchange app and scan the QR code to complete the payment process. Currently, it supports the three major cryptocurrencies, Bitcoin, Ethereum, and Tether, and plans to support BITO (the platform token issued by BitoPro) and more currencies in the future. Through real-name verification and merchant review, BitoPay not only enhances transaction security but also meets the government’s requirements for fraud prevention, thereby increasing consumer and merchant trust.
According to Statista’s forecast, cryptocurrency payments are expected to grow at a compound annual growth rate of nearly 17% between 2023 and 2030, with the market size reaching 4.81 billion US dollars by 2030. Zheng Guangtai analyzed that the earlier the adoption of emerging technologies, the more likely it is to seize market opportunities and connect with global trends. Furthermore, cryptocurrency holders are not only young but also have high purchasing power. For example, BitoPro’s monthly trading volume exceeds 10 billion Taiwanese dollars, which represents the high-end consumer group that enterprises strive to expand.
BitoPro
BluePay