Vietnam stores now can accept payments in 17 digital currencies
Strategic partnership Coinify and Bitcoin Vietnam allow traders to use blockchain in their calculations.
Established partners playground is designed for easy integration with online stores or web sites of merchants, and also supports a special application for traditional stores, according to a joint press release of the two companies, published in English and Vietnam languages. Stores wishing to provide additional payment possibilities of its customers will be able to accept payments in bitcoins, Eter, black grouse and other cryptocurrency supported Coinify, a total of 17. Then cryptocurrency will be translated into Vietnamese Dong.
Phuong Nguyen Bao Chan, head of the Bitcoin Vietnam, believes that the new opportunity to significantly improve the situation of traders, because the use of traditional means of payment such as credit cards and PayPal, causing serious problems in Vietnam in terms of reliability and security.
In September 2015 Dominique Weil, co-founder of Bitcoin Vietnam said that the company intends to introduce a more effective means of online payment (as the majority of online purchases in Vietnam are still paid in cash at the time of delivery, which is very inefficient in terms of getting money trader). This is the next step after the launch of bitcoin translations cash2vn service in June 2015 and start bitcoin exchange VBTC in September.