Bitget Allows Vietnamese Currency Transfers Using VietQR

Journalist

Tanzeel Akhtar

Journalist

Tanzeel Akhtar

About Author

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk, Bitcoin Magazine and Bitcoin.com.

Author Profile

Share

Copied

Last updated: 

November 24, 2024

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Cryptocurrency exchange Bitget is now allowing Vietnamese Dong (VND) to be transferred using QR code payment and transfer service VietQR.

By allowing users to make transfers this way the exchange claims it is simplifying access to the crypto market by getting rid of traditional barriers.

VietQR is a payments system used in Vietnam that allows real-time digital payments to be made across the country. Bitget says by integrating this technology, the exchange is using Vietnam’s payment infrastructure, making cryptocurrency more accessible to everyday users.

South East Asia Has Potential to Overtake West as Crypto Hub

Gracy Chen, CEO of Bitget, explains: “We’re continuously working on lowering the entry barriers for our users to access crypto. Be it via fiat or general payment applications, we want to deliver seamless reach worldwide,”

“With VietQR, we open up easy accessibility to all our users in the region. South East Asia has a strong potential to take over the West as a crypto hub. Integrating crypto with apps we use in everyday life will bring us closer to mass adoption,” adds Chen.

Bitget will allow users in Vietnam to deposit VND via VietQR and withdraw funds through bank transfers. Deposited VND can be used to purchase cryptocurrencies such as BTC, ETH, USDT, SOL, and BGB.

Bitget said it has introduced a new campaign offering users a transaction fee rebate for their deposits using VND via cash conversion, capped at 100 USDT per user.

Traders can earn a 5 USDT bonus for completing trades of at least 200 USDT on both Spot and Futures markets. The campaign is limited to the first 1,000 users.