5,000 miles apart: Thailand and Hungary to jointly explore blockchain technology
The pact between the two countries' fintech associations will see cooperation on technology, including blockchain, to power their respective financial industries .
New
The fintech associations of Thailand and Hungary have signed a bilateral memorandum of understanding to support the introduction of blockchain technology in their respective financial sectors.
According to a Facebook post by the Hungarian Embassy in Bangkok.TFA Chairman Chonladet Khemarattana says e-commerce, mobile payments and digital currencies are growing rapidly in Thailand and international cooperation is needed to further develop local fintech, report says October 29 from the Bangkok Post.< /p>
He also claimed that 20% of the world's crypto holders are in Thailand, the country ranked eighth on the 2022 Global Crypto Adoption Index released in September by analytics firm Chainalysis and crypto payment company TripleA estimates that nearly 6.5% of the population owns cryptocurrency,
The Hungarian Blockchain Coalition was jointly established by the country's Ministry of Innovation and Technology and the National Knowledge Center for Data and Economics in March 2022, while the Thai Fintech Association is a non-profit association founded in 2016 with the aim of representing the local population. the fintech industry, including cryptocurrency exchanges.
The pact comes as Thailand's central bank, along with some of the country's commercial banks,...
The pact between the two countries' fintech associations will see cooperation on technology, including blockchain, to power their respective financial industries .
New
The fintech associations of Thailand and Hungary have signed a bilateral memorandum of understanding to support the introduction of blockchain technology in their respective financial sectors.
According to a Facebook post by the Hungarian Embassy in Bangkok.TFA Chairman Chonladet Khemarattana says e-commerce, mobile payments and digital currencies are growing rapidly in Thailand and international cooperation is needed to further develop local fintech, report says October 29 from the Bangkok Post.< /p>
He also claimed that 20% of the world's crypto holders are in Thailand, the country ranked eighth on the 2022 Global Crypto Adoption Index released in September by analytics firm Chainalysis and crypto payment company TripleA estimates that nearly 6.5% of the population owns cryptocurrency,
The Hungarian Blockchain Coalition was jointly established by the country's Ministry of Innovation and Technology and the National Knowledge Center for Data and Economics in March 2022, while the Thai Fintech Association is a non-profit association founded in 2016 with the aim of representing the local population. the fintech industry, including cryptocurrency exchanges.
The pact comes as Thailand's central bank, along with some of the country's commercial banks,...
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