Vietnam Exchange Adds Bitcoin Wallet with Off-Chain Transactions
Vietnam's premier exchange Bitcoin Vietnam Co Ltd has added wallet functionality in a bid to make storage simpler and encourage day-to-day digital currency spending in the country. Notably, users of Bitcoin Vietnam Wallet will be able to send bitcoins to others on the platform in instant 'off-chain' transactions using recipients' bitcoin or email addresses. Off-chain transactions occur near instantly, outside the bitcoin block chain with its delayed confirmation times. Users will also be able to sell the bitcoins in their wallets directly on the Bitcoin Vietnam exchange, without needing to....
Related News
Vietnam's largest Bitcoin exchange, VBTC, is relaunching on BlinkTrade's Bitcoin exchange platform with an eye on Vietnam's USD $14 billion remittance market. The exchange promises one-hour international remittances to Vietnam with cash withdrawals at thousands of locations nationwide. VBTC, a project of startup Bitcoin Vietnam, is taking aim at the unbanked population and will enable users to deposit and withdraw cash from more than 9,200 locations across Vietnam. Verified users enjoy instant bitcoin deposits, which enable them to trade without keeping funds on deposit at all times at....
State Bank of Vietnam. Source: Adam Eales. Vietnam is not looking like fertile ground for bitcoin growth, it seems. The State Bank of Vietnam, along with the Government, have said that they do not recognize bitcoin as a legitimate means of payments in Vietnamese territories. The news was reported last week by the Authority of Foreign Information Service (AFIS), who also note that the use of bitcoin in Vietnam is forbidden (bold emphasis ours): The State Bank of Vietnam has reported it to the Government and sent an official note warning about the risks in the Bitcoin using transactions and....
Bitcoin continues to grow in Vietnam with last week's launch of the country's first live open-order book trading bitcoin exchange, VBTC. The new company is the result of an international merger between the operators of Vietnam's first bitcoin broker exchange BitcoinVietnam, and Israeli exchange technology startup Bit2C Ltd. Other team members hail from Germany, Singapore and the US. CEO of Bitcoin Vietnam Co. Ltd., Nguyen Tran Bao Phuong, told CoinDesk the Southeast Asian region had seen rapid grown in bitcoin infrastructure in the past months, with the Philippines probably leading the....
Bitcoin ATM operator EasyBit said today it plans to install three new bitcoin ATMs in Vietnam. The company already operates one machine in Ho Chi Minh City, the country’s largest city. At the same time, it announced a partnership with local exchange Bitcoin Vietnam to supply all four machines. EasyBit already operates over 60 bitcoin ATMs in over 10....
Hong Kong-based blockchain settlements platform OKLink is now available in Vietnam, enabling international remittances with near-instant settlements over both local fiat currency and bitcoin. With 6.8% of its total GDP in inward remittance, Vietnam is a market ripe for disruption in the space, with emerging FinTech innovations offering the potential for near-instant, low-cost settlements. OKLink, a sister company of major digital currency exchange OKCoin, will now enable senders to transfer up to $10,000 to Vietnam at a relatively modest delivery fee of 0.5%, calculated at a mid-market....