Bitcoin ATMs Taking off in Vietnam With New Arrivals

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....

A newly established blockchain association aims to help Vietnam promote its digital economy and position the country on the world’s technology map. The organization looks to unite Vietnam’s experts in the field and seek cooperation with blockchain communities around the globe for the research and development of blockchain solutions. Vietnam to Expand Implementation of Blockchain Technologies Vietnam Blockchain Association, the first such entity in the country’s crypto space, was launched in the capital city Hanoi on Tuesday, when it held its first congress.....

Miners in Vietnam have expressed grievances over the loss of business following Ethereum’s transition to a consensus mechanism that does not require the energy-intensive computing they were providing. Many are in trouble, local media reported, quoting entrepreneurs and mining enthusiasts. Cryptocurrency Miners Hit by The Merge, Vietnam Report Reveals Vietnam’s crypto miners have suffered heavy losses with their mining rigs now shut off after the second-largest cryptocurrency by market capitalization switched to a more energy-efficient framework, VN Express noted in....

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....

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....