BitoGroup, the parent company of Taiwanese crypto exchange BitoPro, has partnered with Far Eastern International Bank Bankee to launch a crypto-friendly bank account. This collaboration aims to streamline fiat transactions between BitoPro’s customers and local banks.

In a recent press release, BitoGroup CEO Titan Cheng mentioned that they anticipate increasing the average daily transaction amount per user by 25%. Cheng is optimistic about significant growth once the service is fully accessible to all Taiwanese users.

Moreover, BitoPro has teamed up with Neweb Technologies, a third-party payment processor in Taiwan, to introduce BitoPay. This service will enable around 300,000 merchants across Taiwan to accept crypto payments.

“We expect to see a 25% increase in daily transactions per user,”

said Cheng, highlighting the potential impact of these new services.

These initiatives are part of a broader trend of boosting crypto education and infrastructure in Taiwan. For instance, Tether, the largest stablecoin issuer by market cap, recently invested $18.75 million in the Taipei-based crypto exchange XREX. This investment aims to expand the use cases for USDT-based payments in emerging markets.

Additionally, Tether has partnered with the National Taipei University of Technology to enhance blockchain and digital asset education. This collaboration seeks to provide students with in-depth knowledge and practical skills in blockchain technology, Bitcoin, and stablecoins.

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