Both parties expect that the close cooperation between Bitcoin Vietnam Co. Ltd., boosted with a firm understanding and foothold in their domestic market, and Coinify ApS, lead by an impressive team with extended expertise in electronic payments and financial technology, will contribute to the further maturation of the Vietnamese market.

During the first stage of this newly established partnership, Vietnamese merchants will be able to receive payments in bitcoin or 16 other popular blockchain currencies supported by Coinify. These payments will be automatically converted to the Vietnamese Dong and paid out on a regular basis. Merchants can thus offer more payment options to their customers, while enjoying a fraud and riskfree payment environment.

The new platform will offer seamless integration with the merchant’s website/ onlineshop via custom API or the most popular plugins and will support PointOfSale application tailored for brickandmortar shops. Further advanced merchant processing tools will be launched over the coming months in order to provide ongoing cuttingedge blockchain merchant solutions to the Vietnamese market.

Nguyen Tran Bao Phuong (CEO of Bitcoin Vietnam Co., Ltd.):
“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. 

Bringing the option of receiving blockchain payments to Vietnamese merchants will dramatically improve the lack of trust and security which are swirling around legacy payment options like credit cards, Paypal and similar offerings. 

It is a significant award and prove of trust to the advancing Vietnamese hitech startup scene, which enables us to close such strategic international partnerships with worldwide industryleading companies like Coinify. It is a pleasure to work with Mark and his team, which can look back on extensive experience in the digital payments space and financial technology.

The spillover effects of international cooperation and mutual exchange of knowledge will allow the domestic industry to grow and prosper along this way; paving the path for further international integration of the Vietnamese economy. We believe, that this is a great – and necessary step forward for the development of the domestic market to provide Vietnamese merchants direct access to such technological topnotch solutions which will help them to accept payments in a much safer way while opening up their services to a truly global audience.”

Mark Højgaard (CEO of Coinify ApS):
“Bitcoin Vietnam has, as the first mover in Vietnam, paved the path for bitcoin adoption via the brokerage, exchange and remittance solutions they offer to Vietnamese people living within and outside the country. We are happy to join this dynamic company in strengthening the existing infrastructure and provide the Vietnamese market with professional blockchain payment processing.

Furthermore, this partnership marks another milestone in our ongoing global expansion. After confirming market leadership in Europe, we have been looking into ways to increase Coinify’s presence on the Asian continent: signing deals with Digix offering digital assets on Ethereum network, financial brokerage HelloMarkets 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.”