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Bitcoin Adoption Sees an Uptick in Vietnam

Avatar Guest Author 5 years ago

Vietnam’s first Bitcoin exchange, Bitcoin Vietnam today announced that Future.Travel has become the first business in Vietnam to accept Bitcoin in payments.

Future.Travel is a Ho Chi Minh City-based travel agency and provides services such as flight tickets, cruises, tours and hotel accommodations.

Users can now make payments for flight tickets using bitcoin on the website while other services will be handled via offline mode. This is a start, and a good start!

General Director of Bitcoin Vietnam Dominik Weil said,

Bitcoin Vietnam’s exchange was set up last year to help service what is expected to be a global move to digital currencies over coming years. Globally, bitcoin acceptance for payment is growing rapidly and many governments are well advanced in their own digital currency strategies.

Weil added further: ‘We are happy to see Future.Travel providing ways for travelers to spend money in Vietnam. All those bitcoin purchases at the local level mean the benefits of digital currency are flowing into the country.”

“Merchants accept the currency and in turn hire more staff, buy products, and pay locally for goods consumed. Bitcoin Vietnam is here to support both consumers and merchants in creating good shopping opportunities and business processes.”

At the end of the announcement, the General Director congratulated the travel agency for its forward thinking and becoming the first bitcoin merchant in Vietnam.

Bitcoin Vietnam has been pushing for higher usage of the digital currency in day-to-day life. It is also working to include those sections of the society which do not have access to banking facilities. Earlier in June, the exchange launched a remittance service called cash2vn with an aim to expand the user base of Bitcoin and provide the people with a service which is highly advanced in comparison to the traditional banks.

The exchange is currently working on offering newer products as well as improving the ones existing in this domain.

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