Abu Dhabi’s CoinCove Partners with Vietnamese Digital Payment Platform to Enhance Cross-Border Transactions
ABU DHABI, November 15, 2024 – CoinCove, an Abu Dhabi-based digital asset service provider, today announced a partnership with a Vietnamese digital payment platform, marking a milestone in USDT cross-border payments and stablecoin settlement. The collaboration aims to optimize the digital asset payment experience for enterprise and individual users in Southeast Asia.
Partnership Highlights:
Cross-Border Enterprise Settlement: Providing stablecoin payment solutions for Vietnamese export companies and cross-border e-commerce.
Personal Remittance and Payments: Supporting salary distribution for overseas employees and personal cross-border transfers.
Technology and Compliance Guarantees: Combining CoinCove’s cross-chain payment technology with Vietnam’s local regulatory framework to ensure all funds are secure and transparent.
Data shows that since the partnership’s launch, transaction volume has increased by approximately 160% year-over-year, the number of new registered users has risen by about 64%, and the average settlement time for cross-border enterprise payments has been reduced to within 1–2 hours.
A spokesperson for CoinCove stated, “Our collaboration with our Vietnamese partner makes the implementation of stablecoin payments in Southeast Asia more efficient, providing convenient payment services for both businesses and individuals.”
A representative for the Vietnamese partner commented, “The professionalism of CoinCove’s technology and services has provided strong support for our digital payment business. We look forward to exploring more innovative applications together in the future.”
