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	<title>VR World &#187; Family Mart</title>
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		<title>Bitcoin Now For Sale at Taiwan&#8217;s Family Mart</title>
		<link>http://www.vrworld.com/2014/10/29/bitcoin-now-sale-taiwans-family-mart/</link>
		<comments>http://www.vrworld.com/2014/10/29/bitcoin-now-sale-taiwans-family-mart/#comments</comments>
		<pubDate>Wed, 29 Oct 2014 13:55:16 +0000</pubDate>
		<dc:creator><![CDATA[Sam Reynolds]]></dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[ATM]]></category>
		<category><![CDATA[Bitcoin]]></category>
		<category><![CDATA[Family Mart]]></category>
		<category><![CDATA[Taiwan]]></category>

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		<description><![CDATA[<p>Taipei-based Bitcoin entrepreneurs have found a way around Taiwan’s Bitcoin ban, thereby making Taiwan’s ultra-convenient convenience stores even better for those in the market for some BTC. </p>
<p>The post <a rel="nofollow" href="http://www.vrworld.com/2014/10/29/bitcoin-now-sale-taiwans-family-mart/">Bitcoin Now For Sale at Taiwan&#8217;s Family Mart</a> appeared first on <a rel="nofollow" href="http://www.vrworld.com">VR World</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><img width="3072" height="1728" src="http://cdn.vrworld.com/wp-content/uploads/2014/10/FamilyMart_Xingya_Store_20120714.jpg" class="attachment-post-thumbnail wp-post-image" alt="FamilyMart_Xingya_Store_20120714" /></p><p>When people from the United States or Canada come to Taipei, they often remark that it’s far more <i>convenient </i>than a city of comparable size in the West &#8212; largely because of the proliferation of convenience stores in the city. These stores are more than a mini-grocery store: you can use the free WiFi, buy high-speed train tickets, pay bills, and now, at one chain, purchase Bitcoin.</p>
<p>According to a report by <i>Cryptocoins News</i> Taiwan-based cryptocurrency exchange Bitoex has partnered with Family Mart to sell Bitcoins at its in-store kiosks. These kiosks, often used for things like buying train tickets or paying bills, now have a section called “BTC” that allows users to purchase the crypto coins with Taiwan dollars. Users are given a receipt, and once they pay at the cashier they get a text message with a link to arrange the transfer to their BTC wallet.</p>
<p>One Taiwan-based Bitcoin user posted a how-to video onto YouTube:</p>
<p><iframe src="//www.youtube.com/embed/Ybcor1IyGeI" width="560" height="315" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>As you can see, the process is more complicated than using a Bitcoin ATM like the ones made by Lamassu.</p>
<p>Officially Bitcoin ATMs are banned in Taiwan as its financial regulator &#8212; the Financial Supervisory Commission &#8212; outlawed them in January of this year and banned merchants from accepting the cryptocurrency.</p>
<p>However, despite this ban one Bitcoin ATM exists in Taiwan at Taipei’s Gelateria Cosi o Cosi  ice cream parlour in the city’s fashionable Dunhua district.</p>
<blockquote class="twitter-tweet" lang="en"><p>Spotted a Bitcoin ATM at Cosi Cosi cafe on Dunhua Rd in Taipei. <a href="http://t.co/x8tEG5uXr7">pic.twitter.com/x8tEG5uXr7</a></p>
<p>— Sam Reynolds (@thesamreynolds) <a href="https://twitter.com/thesamreynolds/status/469380647513886720">May 22, 2014</a></p></blockquote>
<p><script src="//platform.twitter.com/widgets.js" async="" charset="utf-8"></script></p>
<p>At this ATM users can only deposit currency in exchange for Bitcoin, and not the other way around which likely keeps it off the radar of authorities.</p>
<p>The post <a rel="nofollow" href="http://www.vrworld.com/2014/10/29/bitcoin-now-sale-taiwans-family-mart/">Bitcoin Now For Sale at Taiwan&#8217;s Family Mart</a> appeared first on <a rel="nofollow" href="http://www.vrworld.com">VR World</a>.</p>
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