Circle Partners With BitoGroup, Taiwan FamilyMart: Convert Loyalty Points To USDC Coin
Portfolio Pulse from Khyathi Dalal
Circle, the issuer of USDC Coin (CRYPTO: USDC), has partnered with Taiwanese crypto exchange BitoGroup and Taiwan FamilyMart to launch a points-to-crypto service. This service will allow users to convert their FamilyMart loyalty points into cryptocurrencies like USDC. The move is expected to deepen Circle's presence in the Taiwanese market. Taiwan plans to submit its special crypto law draft by November end, with implementation likely in mid-2024.
October 26, 2023 | 7:52 pm
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The partnership between Circle, BitoGroup, and Taiwan FamilyMart to convert loyalty points into USDC Coin could increase the usage and demand for USDC, potentially impacting its value.
The partnership allows for the conversion of loyalty points into USDC Coin, which could increase the coin's usage and demand. Increased demand often leads to an increase in value, which could positively impact the short-term price of USDC.
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