BitTrust becomes the preferred Bitcoin payment system provider for 300,000 merchants, integrating seamlessly with BluePay’s financial services.

BlueNew Technology’s third-party payment leader brand, “BlueNew Payment”, 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 under BlueNew, making BitoPro the only exchange in Taiwan that handles third-party payment company’s cryptocurrency payments and settlements. In addition, BitoPro will also open up this payment protocol to collaborate with Taiwan’s Virtual Asset Service Providers (VASPs) in building a better application infrastructure, attracting more international startups and Taiwanese blockchain companies.

Since its establishment ten years ago, BitoPro’s team has always adhered to the belief of “bringing change through technology” and has been tirelessly promoting the popularization of cryptocurrency. This persistence has led to a widespread network covering over 4,000 convenience stores throughout Taiwan, making the purchase of cryptocurrency a part of people’s daily lives. For example, the 17 million members of FamilyMart convenience stores can easily convert their reward points into cryptocurrencies such as Bitcoin. Furthermore, as a partner of the US Circle stablecoin in Taiwan, BitoPro further expands the ecosystem of stablecoin usage among the Taiwanese population, becoming the most influential and widely-reaching cryptocurrency company. These achievements not only demonstrate BitoPro’s efforts in technological innovation but also reflect its profound impact on promoting the development of financial technology.

The adoption of the “BitoPay” cryptocurrency payment gateway by BlueNew Payment is an important and innovative infrastructure. BitoPro’s mission mainly involves handling high-volume payments, verifying transactions, and settlements. BitoPro believes that BlueNew Payment is the crucial bridge between merchants and consumers in entering the Web3 era. It is also the only payment company in Taiwan that supports cryptocurrency payments. It highly recognizes and expects BlueNew’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. Simply open the BitoPro exchange app and scan the QR code to complete the payment process. Currently, it supports three major cryptocurrencies: Bitcoin, Ethereum, and Tether. There are plans to support BITO (the platform token issued by BitoPro exchange) 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 enhancing consumer and merchant trust.

According to Statista’s prediction, cryptocurrency payments will grow at a compound annual growth rate of nearly 17% between 2023 and 2030, with the market size reaching 4.81 billion US dollars in 2030. Zheng Guangtai explained that the earlier the adoption of emerging technologies, the more opportunity there is to seize the market and connect with global opportunities. Furthermore, cryptocurrency holders are not only young but also have high purchasing power. Taking BitoPro exchange as an example, the monthly trading volume of its users exceeds 10 billion New Taiwan Dollars, which is the high-end consumer group that enterprises hope to expand into.

BitoPro
BlueNew Payment