Blockchain Payments Platform OKLink Launches in Vietnam
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....
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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.....
In October 2015 Bitcoin Magazine covered the launch of OKLink, an open digital wallet created by Chinese Bitcoin exchange OKCoin, designed to allow national and digital currencies to instantly transact across borders and currencies, with no fees. “We can hide Bitcoin technology in the background,” said OKLink Chief Strategy Officer, Jack Liu, “and that’s what we have launched with a product called OKLink: a mobile wallet that allows you to hold a more comfortable type of value, like USD or CNY, but transact over the Bitcoin network.” Now incorporated as a subsidiary in Hong Kong and....
OKLink, a Hong Kong-based global blockchain money network, is offering $100 million in free remittance trades to international remittance companies in order to promote remittance payments and accelerate the growth of new money transfer companies. Remittance payments — earnings which foreign workers send home to their families around the world — may be one of the best use cases for digital currencies. The remittance market is estimated at $500 billion. Jack C. Liu, Co-creator at OKCoin, one of the world’s largest bitcoin trading exchanges, and Chief Strategy Officer at its subsidiary,....
Indian Bitcoin company Coinsecure has announced a partnerships with OKCoin’s OKLink service. This partnership is intended to bring “blockchain technology powered remittance services in India,” Coinsecure said in a press release. Coinsecure, OKLink Partner in New Remittance Service. This partnership is part of an initiative by the new OKLink service to “provide [a] digital assets and blockchain based global transaction settlement system,” Coinsecure said in a press release. Furthermore, the company said, “with India being the largest inward remittance receiving country in the world, this....
Updated with comment from OKCoin regarding the analysis of the campaign. Notably, the campaign saw around half a million new accounts being opened, according to the exchange. The company said: "The campaign lasted for roughly a week, with a consistent engagement from the domestic market. OKCoin's red envelopes gave away a total of 10 million RMB, making this the largest initiative on Chinese soil." The digital-only giveaway, which stems from the Chinese tradition of exchanging red envelopes containing money, was conducted through the WeChat messaging app account of the exchange's OKLink....