Following the recent integration of the DAI stablecoin by BitcoinVN, Vietnam’s oldest cryptocurrency-enabled remittance platform Cash2VN added DAI as an option to send funds to any Vietnamese bank account within minutes at low cost.
Jocelyn Chang, APAC Community Lead for MakerDAO:
“DAI is not just another regular stablecoin, users can earn on the Dai they hold by locking it into the Dai Savings Rate (DSR). It also provides access to DeFi space for better yield. With the option to buy and sell DAI now with ease to/from VND on BitcoinVN, we hope to see more DAI real world use cases not just in DeFi but also in remittance.”
Besides transfers to bank accounts the service enables unbanked recipients to receive directly in cash at Cash Office locations in Ho Chi Minh City, Hanoi and Hoi An.