Korean Blockchain companies and their journey to establish their position in Vietnam
In the past, the term cryptocurrency was quite popular in Vietnam, but that popularity seems to have disappeared. But now, the game is gradually changing into a more positive direction.
So can cryptocurrencies return to their former glory in Vietnam? Who will be responsible for this change? Will South Korean blockchain companies be the carriers and drivers of change?
See more information: btc to paypal
Come on, join us in keeping an eye on the story and consider the following factors!
According to the latest news from Vietnamese mass media, the state is considering the idea of developing a blockchain-based infrastructure. This will help minimize risks in the space for users and streamline transactions.
When considering the fact, Vietnam is not a country that does well in the Blockchain space. Therefore, the officials see that cooperating with industries is a right decision.
Therefore, this has resulted in a collaboration between the nursery of Ho Chi Minh City Hi-Tech Park and CBA Ventures Korea. This partnership will provide the incubator with much needed support in blockchain training.
It is the nursery's good relationship with the Korean Company that is creating positive signals for this space. And perhaps that is also a reason why Vietnam decided to take a different approach to Blockchain technology.
Another information that is receiving a lot of attention is that the Korean crypto exchange Bitsonic will cooperate with Innovantech - a Vietnamese blockchain company. The exchange will begin operations in Vietnam in the first quarter of next year.
And in September this year, another Korean company will join the game, NEEO Apps, which launched the Exvina cryptocurrency exchange in Vietnam.
In addition, the Covid-19 epidemic has certainly played a key role in pushing people towards Bitcoin. The reason is that many people have lost their jobs, many others have to cover all expenses with only half of their monthly salary. That has led them to look for alternative sources of income.
So, when passive income becomes an urgent need, Bitcoin is the party that can fulfill this requirement. And people have recently begun to realize their value as well.
In recent weeks, Bitcoin's price has seen positive fluctuations and the community has started to pay attention to them with more optimism. Besides, while the government is still skeptical about these assets, people are gradually taking a more sympathetic view of them.
Another reason for this positive change could be that Blockchain and Crypto companies are becoming more and more prominent. Besides, the government changed its stance on Crypto as they stepped up their plans to enter the blockchain space, giving priority to blockchain startups.
Realizing Vietnam's growing interest in the cryptocurrency market, a number of South Asian countries are trying to establish a foothold in the region.