Most Asian governments encourage and support the growth of cryptocurrency. Many competing markets such as Japan and Thailand, are legitimizing the usage of cryptocurrencies. It is one of the main reasons why you see it as an online payment solution in Thailand based apps and businesses. Visit @ https://www.paymentasia.com/en/product-and-services/crypto-gateway

1. Why Is Cryptocurrency
Gaining Ground in Asia?

2. While cryptocurrency is still viewed with some skepticism in advanced economies, the
developing ones are accepting it more readily. Cryptocurrency is taking off in many
Asian countries. The crypto activity in countries is increasing in countries like Vietnam,
China and India. Emerging economies from these countries provide a solid foundation
for cryptocurrency to take hold in. There is an increasing demand for cryptocurrency
gateway in online businesses. Due to an increased adoption amongst the masses, many
businesses are choosing to accept it as a mode of payment.

3. One of the main reasons that crypto activity has taken off in Asia is because these
currencies rise in value pretty quickly. This holds the promise of quickly gaining a
profit for those who invest in them. Asian investors who recognized the promise of this
new technology have gained a lot on their initial investment. Even though there is a lot
of risk of its value falling suddenly, countries like Vietnam, India, Pakistan and China
are the world’s leading adopters of cryptocurrency.
Promises to make a fast profit

4. Most Asian governments encourage and support the growth of cryptocurrency. For
example, China has accepted blockchain technology and are looking at it to digitize the
yuan. They are not alone though. Many competing markets such as those from Japan
and Thailand are legitimizing the usage of cryptocurrencies. It is one of the main
reasons why you see it as an online payment solution in Thailand based apps and
businesses. Japan has gone one step further and written laws that support crypto
exchanges in Japan, spearheading its adoption in their economy.
Favorable opinions of Asian Governments
towards Cryptocurrencies

5. For a developing market, a lot of gains are seen when investors invest more into the
market. Cryptocurrency offers Asian investors the opportunity to invest in a big way in
their country’s economy. Digital currencies help economies trade more. Hence the
adoption of this technology in the early stages ensures that you have a foothold in this
developing space. With the increasing adoption of blockchain technology, payments
using a cryptocurrency gateway are fast gaining traction. While Vietnam and Singapore
are fighting to be dominant players within this space, there are many other countries in
Asia that want to get in on the action as well.
Helps investors to put in more money in the
markets

6. Many central banks are throwing their weight behind blockchain technology. Thailand
has announced plans to develop an interbank pay system that is based on blockchain
technology. What this does is open up doors for an online payment solution in
Thailand. This is mainly because cryptocurrency offers a safer and faster means of
carrying out online transactions. This kind of acceptance creates opportunities for
entrepreneurs to develop technologies that support crypto payments. With European
and American investors still skeptical about cryptocurrency, it opens up this new
technology to Asian players who want to remain competitive in the global markets.
Central banks backing blockchain adoption

7. Contact Us
Phone: 85231058028 , 85227542822
Email: services@paymentasia.com
Website: https://www.paymentasia.com/en/
Facebook: https://www.facebook.com/pzgp.paymentasia
Twitter: https://twitter.com/HK_PaymentAsia
YouTube: https://www.youtube.com/channel/UCDd79bnKT0I4y0aiCKNQz6g