2024

<p>The post <a href="https://coinpedia.org/news/vietnam-emerging-as-crypto-hub-soon-proving-to-be-a-major-player-in-xrp/">Vietnam Crypto Craze: XRP Payments Fuel Adoption!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The global rise of cryptocurrency is reshaping financial landscapes, yet some regions, like <a href="https://coinpedia.org/news/asias-digital-asset-revolution-in-2023-south-korea-singapore-and-hong-kong-leading-the-game-in-crypto-innovation/">South Asia</a>, are still adjusting and adapting. In 2024, the revenue of South Asia’s cryptocurrency market soared, reaching an impressive $343.50 million.</p> 
<p>Chainalysis’ recent research spotlights <a href="https://coinpedia.org/press-release/vietnam-blockchain-forum/">Vietnam</a> as the world’s fastest-growing crypto region. Despite legal restrictions on using virtual currency for financial transactions, Vietnam secured the third spot in the <a href="https://go.chainalysis.com/rs/503-FAP-074/images/The%202023%20Geography%20of%20Cryptocurrency%20Report.pdf?version=0&amp;ref=blockhead.co">2023 Global Crypto Adoption rankings</a>, capturing attention within the crypto space.</p> 
<p>We know you’re definitely eager to learn more! Read on.</p> 
<h2 class="wp-block-heading" id="h-xrp-a-rising-star-in-vietnam">XRP – A Rising Star in Vietnam</h2> 
<p>At the forefront of Vietnam’s crypto wave is Yasin Mobarak, a key figure in the <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP</a> community. His insights, shared on Twitter, help us understand Vietnam’s increasing interest in XRP, the fourth-largest altcoin.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> will be big in Vietnam. <a href="https://t.co/FHSewyMoW5">https://t.co/FHSewyMoW5</a></p>— Yassin Mobarak 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fa9d.png" alt="🪝" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Dizer_YM) <a href="https://twitter.com/Dizer_YM/status/1745992830315626953?ref_src=twsrc%5Etfw">January 13, 2024</a>
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<p>Also Read: <a href="https://coinpedia.org/news/asias-digital-asset-revolution-in-2023-south-korea-singapore-and-hong-kong-leading-the-game-in-crypto-innovation/">Asia’s 2023 Digital Asset Revolution: THESE 5 Hubs Are Leading the Way</a></p> 
<h2 class="wp-block-heading" id="h-xrp-makes-moves"><strong>XRP Makes Moves</strong></h2> 
<p>Vietnam’s Central Bank is actively considering integrating XRP for cross-border payments, both domestically and internationally. This aligns with the region’s rapid adoption of XRP, driven by its promise of faster, more cost-effective, and secure cross-border payment services. Ripple’s recent partnership with TPB Bank, a major player in Vietnam’s banking sector, is set to strengthen the entire XRP ecosystem.</p> 
<p>In fact, back in September 2023, SBI Remit, a financial service provider that recently started XRP-based remittance service in the countries like Philippines, Vietnam, and Indonesia. SBI Remit partnered with Ripple and SBI Ripple to launch international payment services, which was <a href="https://twitter.com/yoshitaka_kitao/status/1699318508730171896?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1699318508730171896%7Ctwgr%5E3c1474b2162aed3b7b595d84ae56e1d078c41983%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fthecryptobasic.com%2F2023%2F09%2F06%2Fjapan-financial-giant-confirms-to-use-xrp-for-international-remittance-services%2F">confirmed</a> by SBI Holdings CEO and chair Yoshitaka Kitao on X (Twitter).</p> 
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   <p lang="ja" dir="ltr">XRPを活用するRippleの送金ソリューションを用いた国際送金サービスを、フィリピン・ベトナム・インドネシア向けに順次拡大［SBIレミット, SBI VCトレード, SBI Ripple Asia］ <a href="https://t.co/OQ0tJCLYEv">https://t.co/OQ0tJCLYEv</a></p>— 北尾吉孝 (@yoshitaka_kitao) <a href="https://twitter.com/yoshitaka_kitao/status/1699318508730171896?ref_src=twsrc%5Etfw">September 6, 2023</a>
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<h2 class="wp-block-heading" id="h-web-traffic-around-the-globe"><strong>Web Traffic </strong>Around the Globe</h2> 
<p>Despite centralized exchanges dominating in many countries, each region has its unique interests. In the Philippines, a significant 20% of the population engages with crypto sites for gaming and gambling. Conversely, Vietnam and Pakistan stand out for their citizens’ preference for peer-to-peer exchanges, allowing direct trading between individuals rather than through large corporations.</p> 
<p><img decoding="async" width="624" height="320" src="https://lh7-us.googleusercontent.com/kUS8WSDZjCpti_LTvbQDy7rZzVH0G68crjKY3way6oqnCfsef6uWAaZnwoT4DO7zx6HDZclVD5aq1z0nFBSghGBaCHMTIRmWFjdCOplxTPq-O2yE2uARQvGY6e51Fnic1oLvEdb90OjkIyca1JhGXPs"></p> 
<p>This Might Interest You: <a href="https://coinpedia.org/price-analysis/xrp-bulls-well-in-position-can-they-trigger-a-fresh-upswing-to-hit-1-in-january-2024/">XRP Bulls Well in Position: Can They Trigger a Fresh Upswing to Hit $1 in January 2024?</a></p>

Vietnam Crypto Craze: XRP Payments Fuel Adoption!

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