MaiCoin CEO Liu Shih-Wei predicts: Taiwanese exchange will Oligopoly the market! Far EasTone Ching Chi: continuous investment in the future

Today, Far EasTone and Cryptocurrency exchange MaiCoin held a strategic partnership press conference. MaiCoin founder and CEO Liu Shiwei stated that their goal this year is to submit TIB Innovation Board for listing and predict that Taiwan's encryption users will have high coverage rates like "telecom numbers". (Background: Far EasTone cooperates with MaiCoin to give away BTC and an additional 10,000 yuan! The first 100 applicants will receive "15,000 TaiCoin" worth of BTC) (Background: MaiCoin Group completes Series B+ funding! Far EasTone, Federal Group, and Hermitage Capital all participate, fully accelerating IPO) Far EasTone officially announced its alliance with Taiwan's top Cryptocurrency trading platform MaiCoin, bringing encryption investment into the public's investment concept. In August of last year, Far EasTone joined MaiCoin's Series B+ financing, attracting market attention. Today, Far EasTone's General Manager Ching-Chi emphasized that Far EasTone's general strategy investment "will not be so small". They only subscribed for a "single-digit percentage equity" when there was not much remaining balance in MaiCoin's financing round, and they are open to increasing investment based on future plans between the two parties. Ching-Chi believes that the investment momentum of young people in Cryptocurrency is strong. Compared with Taiwan Mobile's self-built encryption exchange, Ching-Chi pointed out that Far EasTone adheres to the principle of risk aversion and entrusts relevant businesses to professionals. In the future, the domestic exchange industry will be an "Oligopoly competition". Liu Shiwei, CEO of MaiCoin Group, emphasized at the press conference that MaiCoin currently has about 1 million members, and combined with the users of other trading platforms, it is estimated to exceed 2 million people, covering about 20% of Taiwan's total population. If we compare this number with the coverage rates of people's needs for telecom numbers, bank accounts, etc., the coverage rate of Cryptocurrency investment accounts "I believe the coverage rate is also close to 100%, or even higher." Liu Shiwei predicts: "Will the encryption exchange industry in the future be more like banks? Taiwan has three or four dozen commercial banks. Or will it be more like telecom companies? Now there are three major players. I personally think that the exchange industry has strong liquidity, network effects, and the matching of buyers and sellers. So if I guess, will there be dozens of operators or less than five? I would lean towards the latter." Liu Shiwei also sees the rapid expansion of domestic regulatory laws and regulations in the past two years. The Financial Supervisory Commission is expected to submit a draft to the Executive Yuan in June this year, and MaiCoin Group's goal is also to submit for listing on the Innovation Board this year. Far EasTone explores the application of Blockchain Smart Contracts. Far EasTone's General Manager Ching-Chi attaches importance to the needs and trends of young people's investment in Cryptocurrency, which is in line with Far EasTone's goal of creating a life circle application for food, clothing, housing, transportation, and entertainment. In terms of innovative planning in actual Block technology, Ching-Chi mentioned on-chain Smart Contracts, which can be linked with AI and automation. For example, many of Far EasTone's downstream suppliers adopt automation for payments. If Smart Contracts run on-chain, there is no need to go through tedious processes layer by layer, and Blockchain can ensure the security, reliability, and transparency of each transaction. Using mobile devices for identity authentication is also a use case that Ching-Chi believes is very suitable for Blockchain. Related reports: Far EasTone cooperates with MaiCoin to give away BTC and an additional 10,000 yuan! The first 100 applicants will receive "15,000 TaiCoin" worth of BTC. MaiCoin Group completes Series B+ funding! Far EasTone, Federal Group, and Hermitage Capital all participate, fully accelerating IPO. (MaiCoin CEO Liu Shiwei predicts: Taiwan's exchange will eat up the market as an Oligopoly! Far EasTone Ching-Chi: Continuous investment in the future.) This article was first published on BlockTempo, the most influential Blockchain news media on the Internet.