Bito Group showcased groundbreaking blockchain applications at the 2024 ABS Asia Blockchain Summit through its strategic partnership with FamilyMart. Here are the key highlights:
On-Site Crypto Payment Innovation
- Concept Food Truck: FamilyMart deployed a special concept truck at ABS selling coffee, hot dogs, and popular items
- Fa Points Conversion: Customers could redeem FamilyMart loyalty points for cryptocurrencies like BTC, ETH, and DOGE
- Limited-Time Payment Option: ABS attendees exclusively experienced crypto payments using BTC, ETH, or USDT
Leadership Insights
Bito Group CEO Cheng Kuang-Tai emphasized during the "Crypto Island" forum:
"Cryptocurrency exchanges must evolve beyond trading platforms to become infrastructure for blockchain applications. The true value lies in seamless real-world integration."
Retail Network Expansion
- 4,000+ FamilyMart Stores: Forming Taiwan's largest physical Bitcoin retail network
- 17 Million Members: Can convert loyalty points to crypto via FamilyMart app
- Zero-Cost Entry: Eliminates traditional crypto acquisition barriers
Financial Integration
- Bankee Partnership: Created world's first crypto-dedicated bank account
- Instant Settlement: Streamlines fiat-crypto conversions
- Institutional Bridge: Connects traditional finance with digital assets
ABS Exclusive Features
- BitoPay Demo: Showcased QR-based crypto payments for merchants
- Member Rewards: Special giveaways including cold wallets and anniversary merch
- Educational Hub: Live demonstrations of point-to-crypto conversions
👉 Discover more about crypto payment solutions
FAQ Section
Q: How does the FamilyMart points conversion work?
A: Members redeem Fa points in the app for selected cryptocurrencies at fixed rates.
Q: Is there a minimum purchase for crypto payments?
A: The ABS food truck accepted any amount, demonstrating microtransaction capabilities.
Q: What makes Bankee accounts special for crypto users?
A: Built-in exchange functionality allows instant crypto-fiat transfers with reduced processing time.
👉 Explore crypto banking integrations
This showcase demonstrated how blockchain technology is becoming embedded in everyday consumer experiences - from morning coffee purchases to loyalty reward programs.