Bitcoin Vietnam, Coinify Collaborate To Bring Blockchain Payment Processing Services

Bitcoin Vietnam Co. Ltd., the first bitcoin exchange in Vietnam, and Coinify, the leading Denmark-based bitcoin platform, have recently announced a new strategic partnership in order to bring advanced blockchain merchant processing tools to the Vietnamese market.

“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 consequently brought them the market leadership in Europe regarding the number of acquired merchants”, said Nguyen Tran Bao Phuong, CEO of Bitcoin Vietnam Co., Ltd.

The companies have announced the launch of the first blockchain payment processing platform for the Southeast Asian country. The new platform will support Point-Of-Sale application tailored for brick-and-mortar shops. It will also offer seamless integration with the merchant’s website/ online-shop via custom API or the most popular plugins.

As a result of this partnership, merchants will be able to offer more payment options to their customers, while benefitting from a fraud and risk-free payment environment. During the initial stages, Vietnamese merchants will be able to receive payments in bitcoin or 16 other digital currencies supported by Coinify, which will be automatically converted to the Vietnamese Dong and paid out on a regular basis.

Mark Højgaard, CEO of Coinify ApS, said that the company has been seeking to expand its presence in Asia. Coinify has signed 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 infrastructure that enables them to embrace this alternative payment method”, Højgaard added.

The company plans to launch further advanced merchant processing tools over the coming months that will provide latest cutting-edge blockchain merchant solutions to the Vietnamese market.