FinFan - Tripple A - Remitting Funds to Vietnam with Cryptocurrencies

Blockchain and cryptocurrency have had a profound impact on cross-border payments. Since the widespread recognition of Bitcoin in 2011, blockchain and cryptocurrencies have emerged as a thriving technological trend in the Vietnamese market. Recent statistics paint an encouraging picture of the Vietnamese cryptocurrency landscape:

• By 2022, Vietnam had one of the highest rates of cryptocurrency adoption in the world.
• Vietnam ranked among the top five countries in cryptocurrency trading volume.
• Vietnam ranked among the top three countries globally in terms of cryptocurrency ownership.

Despite this promising growth, sending cryptocurrency to Vietnam remains a challenge for companies looking to engage in transactions.

Recognising the hurdles in sending cryptocurrency to Vietnam, FinFan has joined hands with Triple-A to provide an optimal solution. This collaboration is designed to benefit various stakeholders, including:

• Cryptocurrency Exchanges: Companies seeking to attract more Vietnamese users and offer on/off-ramp services for converting cryptocurrencies to fiat currency and vice versa.
• Payment Companies: Entities that accept cross-border payments using cryptocurrencies.
• International Cryptocurrency Remittance Companies: Firms specializing in global cryptocurrency remittance services.
• GameFi Companies: Businesses in the gaming industry utilizing cryptocurrencies.
• On/Off-Ramp Service Providers: Companies offering services to convert cryptocurrencies to fiat currency.
• E-commerce Platforms: Businesses that accept cross-border payments in cryptocurrencies.
• Others: Organizations aiming to expand their presence in the Vietnamese market and requiring cryptocurrency-to-fiat conversion services for their Vietnamese users.

How can you send funds using Cryptocurrency to Vietnam?

To streamline the process of sending cryptocurrency to Vietnam, Triple-A and FinFan have established a simple three-step procedure:

Step 1: Request Initiation

• The partner of FinFan submits a request to withdraw fiat currency.
• FinFan's Anti-Money Laundering (AML) system performs a thorough check on the provided information.
• If the AML check is successful, the process proceeds to Step 2.

Step 2: Crypto-to-Fiat Conversion

• Triple-A converts the pre-funded cryptocurrency into fiat currency.
• The converted fiat currency is then transferred to FinFan.

Step 3: Delivery to Receivers

• FinFan facilitates the distribution of the converted fiat currency to recipients in Vietnam through bank accounts, e-wallets, and other convenient channels.

Using FinFan and Triple-A

Choosing Triple-A and FinFan for your cryptocurrency transactions in Vietnam offers several advantages:

• Streamlined Process: Our three-step process simplifies cryptocurrency-to-fiat transactions.
• Compliance Assurance: FinFan's robust AML system ensures compliance with regulations.
• Remittance Expertise: With our payments and remittance experience, we provide reliable and efficient services.
• Market Expansion: We enable businesses to tap into the Vietnamese market with ease.

This partnership between Triple-A and FinFan offers a promising solution for companies looking to navigate the complexities of sending funds using cryptocurrency to Vietnam, facilitating the growth of this exciting technology trend in the region.

About FinFan

FinFan is a Cross-Border Money Movement Platform that helps service providers expand quickly to unreached markets with a full spectrum of remittance and payment services.

FinFan is the first non-bank financial company to be licensed and to operate in Vietnam. Since its founding in 2007, it has grown tremendously to become the Top 1 money transfer company in the country.

Within 13 years, FinFan has added many more services to its portfolio, including overseas money transfer, payment, pay the bill, cash-in, cash-out, and more.

For more information, please visit FinFan’s website or follow our LinkedIn page.

About Triple-A

Triple-A is a licensed crypto payment gateway that helps businesses increase their revenue by enabling crypto payments and payouts, giving them access to the spending power of the fast-growing 420m+ cryptocurrency users.

Triple-A’s white label crypto payments solutions allow businesses from all industries to leverage the benefits of the growing crypto market without being exposed to volatility risk or having to handle or convert digital currencies. Their solutions are compatible with all wallets, easy to integrate and offer instant confirmation, locked-in exchange rates and chargeback protection.

Licensed by the Monetary Authority of Singapore (MAS) and trusted by over 20,000 businesses, Triple-A makes accepting crypto payments simple for businesses across the globe. Outside of Singapore, Triple-A also holds licences from Banque de France’s ACPR in Europe and is registered with the United States Financial Crimes Enforcement Network (FinCEN).

To learn more, please visit Triple-A's website or follow their LinkedIn page.