How Gifto is Working with ACE Exchange to Drive Mass Adoption of Crypto

Gifto Official
May 29 · 2 min read

What is ACE?

ACE Exchange (Token: ACEX) is a new fiat-crypto exchange in Taiwan working with large Taiwanese businesses to tokenize their assets for use by mainstream users. The exchange was launched officially at the end of January and already its userbase has grown to more than 50,000.

ACE recently completed a $6m USD IEO of Taiwan’s largest coupon and loyalty program management company, Mo Chanji, which sees an annual issuance of more than 4.8 billion NTD equivalent in coupons and rewards servicing more than 780 companies.

ACE is helping Mo Chanji tokenize their coupons and loyalty programs which are a part of everyday life for millions of Taiwanese, a true use case for the mass adoption of crypto.

ACE is a Strategic Partner of Gifto

ACE is working with Gifto in the following ways:

  • Providing Gifto with a fiat-crypto pair on the exchange.
  • Co-developing direct fiat purchase of Gifto in the Gifto wallet.
  • Identifying and executing on new avenues for mainstream adoption of Gifto in Taiwan, including through ACE partners.

Given ACE’s existing work with large established businesses, such as Mo Chanji, to bring crypto to their existing customers, the vision of ACE is complementary to Gifto’s vision of mass adoption of the Gifto token, and presents unique opportunities to work together.

What’s happening with crypto in Taiwan?

Taiwan is a developed, crypto-friendly economy with many Fortune 500 and large regional businesses based there, and with a thriving tech sector. Retail crypto usage is beginning to take off, and ACE is among the few fiat exchanges there with recognized banking partners and demonstrated execution bringing crypto mainstream.

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