Taiwanese Airline to Accept Cryptocurrency
Despite China's name coming up as a major FUD contributor against Bitcoin and other cryptocurrencies, Taiwan (a Chinese republic) is taking a different approach. Announced on February 28, Taiwanese airline, Far Eastern Air Transport Corp., stated that they will "accept encrypted digital currency" and intend to be pioneers in the aviation industry in embracing digital currencies. While it has not been specified at this point which currencies will be accepted, one may assume the reference is to the top market coins (BTC, ETH, LTC). Their president, Zhang Gangwei, had this to say about his decision:
Electing their first female president in 2016 and then legalizing same-sex marriage in 2017, Taiwan is no stranger to taking a progressive stance on issues. This move by Taiwan showcases yet another forward-thinking play that may be able to influence their big brother, China, where currently, only a few companies are accepting cryptocurrencies. China's stance on cryptocurrencies has been reactionary and stifling, with bold stances against, creating global shifts in their respective values. We're happy to see this willingness to accept cryptocurrency in Taiwan, with another industry opening it's doors, maybe the sky's not the limit.