Bitcoin Press Release: HO CHI MINH CITY, VIETNAM; COPENHAGEN, DENMARK
Bitcoin Vietnam Co. Ltd. – Vietnam’s first bitcoin exchange – and Coinify ApS – the market leader in blockchain currency merchant processing – officially announce a new strategic partnership that will bring advanced blockchain merchant processing tools to the Vietnamese market.
Both parties expect that the close cooperation between Bitcoin Vietnam Co. Ltd., boost- ed with a firm understanding and foothold in their domestic market, and Coinify ApS, lead by an impressive team with extended expertise in electronic payments and finan- cial technology, will contribute to the further maturation of the Vietnamese market in or- der to keep up with the impressive developments in other nations in the greater
(South-)East-Asian area.
During the first stage of this newly established partnership, Vietnamese merchants will be able to receive payments in bitcoin or 16 other popular blockchain currencies sup- ported by Coinify. These payments will be automatically converted to the Vietnamese Dong and paid out on a regular basis. Merchants can thus offer more payment options to their customers, while enjoying a fraud and risk-free payment environment.
The new platform will offer seamless integration with the merchant’s website/ online-shop via custom API or the most popular plugins and will support Point-Of-Sale application tailored for brick-and-mortar shops.
Further advanced merchant processing tools will be launched over the coming months in order to provide ongoing cutting-edge blockchain merchant solutions to the Vietnamese market.
Nguyen Tran Bao Phuong (CEO of Bitcoin Vietnam Co., Ltd.):
“We are very pleased to announce our new partnership with the team of Coinify today. They have proven to have a very secure, convenient and slick product which conse- quently brought them the market leadership in Europe regarding the number of acquired merchants.
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.
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It is a significant award and prove of trust to the advancing Vietnamese hi-tech startup scene, which enables us to close such strategic international partnerships with world- wide industry-leading companies like Coinify. It is a pleasure to work with Mark and his team, which can look back on extensive experience in the digital payments space and financial technology.
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.
We believe, that this is a great – and necessary – step forward for the development of the domestic market to provide Vietnamese merchants direct access to such technological top-notch solutions which will help them to accept payments in a much safer way while opening up their services to a truly global audience.”
Mark Højgaard (CEO of Coinify ApS):
“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 in- crease Coinify’s presence on the Asian continent: signing deals with Digix offering digital assets on Ethereum network, financial brokerage Hello-Markets 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 infra- structure that enables them to embrace this alternative payment method.”
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About Bitcoin Vietnam Co., Ltd.
Bitcoin Vietnam Co. Ltd., a Vietnamese Bitcoin startup founded in late 2013, aims to bring world-class Bitcoin technology to the Vietnamese market. Due to the international composition of the current team with strong ties to some of the world’s leading Bitcoin spaces (Germany, Israel, Singapore), Bitcoin Vietnam Co. Ltd. will be able to provide cutting-edge technology on an international standard regarding usage of the Bitcoin technology in Vietnam.
Bitcoin Vietnam Co. Ltd. started its operations in March of 2014 with the launch of its Broker Exchange Solution, which is enabling Bitcoin users and merchants in Vietnam to participate in the global Bitcoin Network. Bitcoin Vietnam Co. Ltd. is strictly committed to comply with all applicable rules and regulations regarding Bitcoin in Vietnam and therefore apply high standards of KYC/AML measures to prevent illicit usage of the company’s services.
About Coinify ApS
Coinify drives mainstream adoption of blockchain currencies, for merchants and con- sumers. Merchants benefit from Coinify’s Payment Service (PSP), enabling free, instant settlements in a fraud-free and chargeback-free blockchain payment environment, while consumers get access to secure, one-click payments that reveal no sensitive information. Coinify is backed by a multi-million dollar capital injection from SEED Capital (fund- ed by the Danish government) and Accelerace, and is the leading blockchain payment service provider (bPSP).
Contact details
Bitcoin Vietnam Co. Ltd. // VBTC Vietnam Co., Ltd. 129F/123/52A Bên Vaa n Đôn
Phương 8, Quạn 4 Thanh phố Hô Chí Minh
Nguyen Tran Bao Phuong; Chief Executive Officer info@bitcoinvietnam.com.vn
Coinify ApS
Herlev Hovedgade 15B, 1. 2730 Herlev, Greater Copenhagen, Denmark
+45 3693 4994
