Bitcoin Vietnam Co. Ltd., the Vietnam’s bitcoin exchange, has set a partnership with Coinify ApS so they can together provide a blockchain merchant processing platform to Vietnam. Such tool is about to enable Vietnamese entrepreneurs to receive payments in cryptocurrency as well, like bitcoin and sixteen other, which are processed by Coinify.
All such payments will have to be converted to the Vietnamese currency – dong. Such option provide wider scale of payment options to customers, while it brings more security against frauds. Moreover, this platform will provide integration with websites of entrepreneurs, as well as it is about to support point of sale (POS) application tailored for brick and mortar shops.
The CEO of Bitcoin Vietnam and one of the aprtners, Nguyen Tran Bao Phuong, stated: “Bringing the option of receiving blockchain payments to Vietnamese merchants will dramatically improve the lack of trust and security which are swirling around legacy payment options like credit cards, Paypal and similar offerings. The spillover effects of international cooperation and mutual exchange of knowledge will allow the domestic industry to grow and prosper along this way; paving the path for further international integration of the Vietnamese economy,”
Mark Højgaard, Coinify ApS CEO, commented: “Bitcoin Vietnam has, as the first mover in Vietnam, paved the path for bitcoin adoption Via the brokerage, exchange and remittance solutions they offer to Vietnamese people living within and outside the country. We are happy to join this dynamic company in strengthening the existing infrastructure and provide the Vietnamese market with professional blockchain payment processing. Furthermore, this partnership marks another milestone in our ongoing global expansion. After confirming market leadership in Europe, we have been looking into ways to increase Coinify’s presence on the Asian continent: signing deals with Digix offering digital assets on Ethereum network, financial brokerage HelloMarkets and the popular PSP Payssion. Partnership with Bitcoin Vietnam will add yet another PSP to the list of bitcoin enabled services in the Southeast Asia region. Vietnam itself is a very attractive market and we are thrilled to be able to bring their merchants and businesses an infrastructure that enables them to embrace this alternative payment method.”
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