Taiwan’s BitoGroup collaborates with Far Eastern International Bank ‘Bankee’ to launch the world’s first dedicated crypto-friendly bank account. BitoGroup’s aims is to enhance the cryptocurrency ecosystem through partnerships with major institutions.
Seeing the crypto market growing, BitoGroup began serving financial institutions two years ago, setting a precedent as the first cryptocurrency exchange to ally with financial institutions.
The world’s first dedicated bank account for cryptocurrency users is the result of three years of research and effort by BitoGroup and Bankee.
This service was achieved by integrating the systems and service processes of the two companies, while ensuring compliance with regulations and supervisory measures, and prioritizing user’s experience.
“Both BitoGroup and Bankee place great emphasis on the security of member assets, platform stability, and user transaction experience,” said Titan Cheng, Founder and CEO of BitoGroup
“Since the initial pilot phase, we have received positive feedback from the community. The Bankee dedicated account can be linked to BitoPro’s exchange account and set up in as little as one hour, significantly enhancing user’s convenience”, Cheng added.
BitoPro has collaborated with Neweb Technologies, Taiwan’s third-party payment processors, to introduce “BitoPay”. This allows 300,000 merchants and members to use cryptocurrency for transactions, making “BitoPay” the most widely embraced crypto payment option in Taiwan.
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