BitoPay Launches as Crypto Payment Solution for 300K Merchants via NewebPay

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The digital payment landscape in Taiwan is undergoing a transformative shift with the launch of BitoPay, a new crypto payment solution developed through a strategic partnership between BitoPro, Taiwan’s leading cryptocurrency exchange, and NewebPay (藍新金流), a top-tier third-party payment provider under Lanew Technologies. This collaboration marks a milestone in the integration of blockchain technology into mainstream commerce, empowering over 300,000 online merchants under NewebPay to accept cryptocurrency payments seamlessly.

As the first and only exchange in Taiwan to handle cryptocurrency payment processing and settlement for a licensed third-party payment platform, BitoPro is setting a new benchmark for fintech innovation. Beyond immediate merchant adoption, BitoPro plans to open up the BitoPay protocol to other Virtual Asset Service Providers (VASPs) across Taiwan, fostering a more interconnected and robust blockchain ecosystem. This move aims to attract international startups and local Web3 innovators to collaborate on next-generation financial applications.

👉 Discover how businesses can now accept crypto payments with ease and security.

A Decade of Driving Crypto Adoption

Since its inception ten years ago, BitoPro has remained committed to the vision of "using technology to drive change." This philosophy has fueled a series of groundbreaking initiatives that have brought cryptocurrency into everyday life for millions of Taiwanese citizens.

One of the most impactful developments has been the creation of a nationwide network spanning over 4,000 convenience stores, including major chains like FamilyMart. Through this infrastructure, users can now convert loyalty points—such as those from FamilyMart’s 17 million-member base—into popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). This seamless integration turns routine shopping into an on-ramp for crypto ownership, significantly lowering barriers to entry.

Additionally, BitoPro’s role as the official partner of Circle, the issuer of USDT (Tether) in Taiwan, has expanded access to stablecoins across the region. By enabling secure, fast, and low-cost transactions backed by stable digital assets, BitoPro is helping build a resilient and practical crypto economy. These achievements underscore BitoPro’s leadership not just in trading volume but in shaping the broader fintech and Web3 landscape in Asia.

Powering Web3 Commerce with BitoPay

At the heart of this transformation is BitoPay, a crypto payment gateway integrated directly into NewebPay’s existing infrastructure. As a critical piece of financial middleware, BitoPay handles high-volume transaction processing, real-time validation, and automated settlement—ensuring reliability and scalability for businesses of all sizes.

NewebPay stands out as Taiwan’s only payment processor currently supporting cryptocurrency transactions, positioning it as a vital bridge between traditional e-commerce and the emerging Web3 economy. For merchants, this means access to a growing global customer base that prefers or exclusively uses digital assets for purchases.

From a technical standpoint, BitoPay supports three major cryptocurrencies at launch:

Future updates will introduce support for BITO, BitoPro’s native utility token, along with additional altcoins, further expanding payment flexibility. All transactions are secured through strict KYC (Know Your Customer) verification and merchant screening protocols, aligning with regulatory standards and anti-fraud measures mandated by financial authorities.

This dual focus on innovation and compliance ensures that both consumers and merchants can transact with confidence—knowing their activities are protected and transparent.

👉 Learn how crypto payment gateways are reshaping e-commerce in 2025.

Targeting High-Value Crypto-Native Consumers

The business case for adopting crypto payments goes beyond technological novelty—it’s about reaching a highly desirable consumer segment. According to Statista, the global crypto payment market is projected to grow at a compound annual growth rate (CAGR) of nearly 17% from 2023 to 2030, reaching a market value of $4.81 billion by 2030.

As Guan-Tai Cheng, a key industry analyst, points out:

“Early adoption of emerging technologies allows companies to capture attention, enter new markets faster, and align with global business trends. Crypto holders aren’t just tech-savvy—they’re often high-net-worth individuals with strong spending power.”

This insight is backed by data from BitoPro itself, where monthly trading volume exceeds NT$10 billion (approximately USD $320 million). These users represent a premium demographic that brands across retail, travel, gaming, and luxury sectors are eager to engage.

By integrating BitoPay, merchants gain direct access to this affluent, forward-thinking audience—without needing to manage wallets, private keys, or price volatility manually. The system automatically converts crypto payments into fiat currency upon receipt, minimizing exposure to market swings while still offering customers the convenience of paying with digital assets.

Security, Compliance, and Trust

In an era where digital fraud is increasingly sophisticated, trust is paramount. BitoPay strengthens security through multiple layers:

These safeguards not only protect against unauthorized transactions but also ensure adherence to Taiwan’s evolving regulatory framework for virtual assets. By maintaining transparency and accountability, BitoPay enhances credibility for both buyers and sellers—encouraging wider acceptance across industries.

Moreover, the open-protocol roadmap signals BitoPro’s intent to build a collaborative ecosystem rather than a closed platform. By inviting other VASPs to adopt and extend the BitoPay standard, the company aims to accelerate interoperability and drive widespread adoption of crypto payments across Taiwan.

👉 See how secure crypto transactions are becoming mainstream in digital commerce.

Frequently Asked Questions (FAQ)

Q: What is BitoPay?
A: BitoPay is a cryptocurrency payment gateway developed by BitoPro and integrated with NewebPay. It allows over 300,000 online merchants in Taiwan to accept Bitcoin, Ethereum, and USDT as payment methods.

Q: Which cryptocurrencies are supported by BitoPay?
A: Currently, BitoPay supports Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). Support for BITO (BitoPro’s platform token) and additional coins is planned for future rollout.

Q: Do I need to be a BitoPro user to pay with crypto?
A: Yes, users must have a verified BitoPro account to use the BitoPay feature. Once verified, they can simply scan a QR code via the BitoPro app to complete purchases.

Q: How does BitoPay handle price volatility during transactions?
A: The system locks in exchange rates at the time of payment and instantly settles funds in fiat currency for merchants, eliminating exposure to crypto price fluctuations.

Q: Is BitoPay compliant with financial regulations in Taiwan?
A: Yes. All users undergo KYC verification, and merchants are thoroughly vetted. The platform aligns with anti-money laundering (AML) guidelines and local fintech regulations.

Q: Can international businesses use BitoPay?
A: While currently focused on Taiwan’s domestic market through NewebPay’s merchant network, the open-protocol design may enable cross-border integrations in the future.

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