Vietnam’s HDBank Taps Blockchain Network to Streamline Bank Credit for Corporates
The bank has signed on to a blockchain-based trade finance network from Contour with the aim of bringing corporate settlements into the digital realm.
Cashless payments are increasing in Vietnam and the recognition of digital currencies by the central bank would help accelerate that process, an official said.
The service uses RippleNet to create a payments corridor between banks in Cambodia and Vietnam.
Crypto adoption has increased 23-fold globally over the past year with India, Pakistan and Ukraine driving the surge.
Crypto-jacking is giving nation-state hackers a decoy for their more malicious attacks, Microsoft cautioned in a report.
The Vietnamese government has partnered with Singapore-based blockchain platform TomoChain to archive student records on a public blockchain.