Bitget Wallet will become the first independent wallet to natively integrate into Vietnam’s national QR payment system, allowing local users to scan VietQR codes and pay directly with encryption.
According to a press release sent to crypto.news, the new feature allows users to pay with Crypto simply by scanning VietQR, the Vietnam national QR code standard. Today, Vietnamese customers can pay cryptographically to more than 2 million local merchants through the application.
Daily transactions, such as having dinner at street vendors and restaurants, or buying groceries at local Vietnamese supermarkets, can be completed in one scan.
The integration is part of Bitget Wallet’s broader PayFi initiative to provide support for national QR payments. After Vietnam, Bitget Wallet plans to integrate more in Southeast Asia, Latin America and other regions.
With integration, Bitget wallets will become the first independent wallet to natively integrate into the QR code payment system of the country.
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The platform supports payments made through a variety of cryptocurrencies, including Stablecoins such as USDT (USDT) and USDC (USDC), which are supported through chains such as Ethereum (Eth), Tron (Trx), Solana (Sol), Base (Base), Ton (Ton), BNB Chain (BNB). According to a press release, more chains will be added in the future.
Not only that, the platform also plans to enable automatic swap support, which allows users to pay with tokens without the need for Fiat conversion.
Bitget Wallet CMO Jamie Elkaleh said in a statement that the purpose of integrating the crypto payment platform into Vietnam’s national QR payment system is to “turn crypto assets into usable currency.”
“We will help users spend their assets as easily as they store them through our partnership with Aeon by embedding local payment rails directly into our wallets. We will start in Southeast Asia and quickly expand to other regions.”
As part of a new feature, Bitget Wallet offers 50% cashback on payments made through QR code payments nationwide. The promotion is limited to the first 50,000 new users and is valid from June 16th to July 30th.
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