Margherita
Sat Jun 08 2024
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6 answers
1526
Why is crypto big in Vietnam?｜. As a result, this has made crypto attractive. DeFi usage is among the world's highest in Vietnam and it is striking that many people use their crypto assets as banking services.Vietnam has a large, unbanked population with almost 70% of Vietnamese lacking access to financial services
Why has cryptocurrency gained such significant popularity in Vietnam? It's intriguing that despite a significant portion of the population, nearly 70%, lacking access to traditional financial services, Vietnam has emerged as a hotspot for crypto adoption. Could it be that the absence of widespread banking facilities has actually driven individuals towards decentralized finance options? Moreover, it's remarkable to observe that many Vietnamese utilize their crypto assets as a substitute for traditional banking services. Could you elaborate on the reasons behind this trend and its implications for the country's financial ecosystem?
