Cabital Adds Vietnamese Dong As Fiat On-Ramp Payment Option
VILNIUS, Lithuania, May 26th, 2022 – Cabital, a leading digital assets institution, announced that it has added the Vietnamese Dong (VND) to its growing list of supported fiat currencies, including GBP, EUR and CHF.
Cabital users in Vietnam can now deposit VND instantly through their ATM Cards, and easily convert VND into USDT, BTC or ETH at some of the lowest prices in the industry. They’ll also be able to easily convert their crypto into VND and withdraw it into their bank account.
Cabital’s secure fiat on-and-off ramp business solution, Cabital Connect, allows its partners’ users to use VND to buy and sell crypto at favourable rates in a frictionless way. Cabital empowers its partners’ businesses by connecting fiat and crypto, improving conversion rates and driving expansion in emerging markets such as Vietnam.
Raymond Hsu, Co-Founder & CEO of Cabital said:
“Cabital is committed to providing investors with a seamless on-and-off ramp solution to enable easy conversion of fiat money to cryptocurrency and vice versa. We look forward to adding Vietnam to our list of fiat on-ramp payment options to offer Vietnamese investors a seamless experience on Cabital and our Cabital Connect platform partners.
Cryptocurrency adoption in Vietnam is high, and we see a great strategic opportunity in the space. We’re excited to introduce our services to the Vietnamese community and support the growth of the local blockchain ecosystem.”
Cabital is a trusted digital financial institution to buy, sell and earn cryptocurrency — enabling users to buy and sell cryptocurrencies at leading rates.
The company’s purpose is to empower people to earn passive income safely and securely with their cryptocurrencies. Our main products are Buy & Sell, a solution that lets investors buy crypto safely and easily with GBP, CHF, EUR and VND to buy and sell cryptocurrencies at some of the most competitive rates in the market and Cabital Earn, a cryptocurrency savings platform that enables customers to earn high yields on their digital assets.
Cabital’s compliance programme is modelled after leading global financial service providers. We use SumSub’s biometric identity verification solution to manage the risk of identity fraud. To provide our customers with peace of mind, all customers’ crypto assets are held with Fireblocks, one of the world’s most trusted digital asset custody, transfer and settlement platforms. We have been using Chainalysis’ KYT and Reactor products since our formation to empower us to meet applicable regulatory requirements on Anti-Money Laundering (AML) in each of our markets with ease and agility.
Cabital has launched a leading fiat on-ramp solution called Cabital Connect, a secure fiat on-ramp and off-ramp gateway for cryptocurrency platforms. When cryptocurrency companies integrate with Cabital Connect, their users will have a high-quality service option to purchase top-tier cryptocurrencies at some of the best rates in the industry. Leading cryptocurrency exchanges such as Bybit have integrated Cabital’s fiat on-ramp gateway.
Cabital is registered in the Republic of Lithuania as a cryptocurrency exchange operator and a cryptocurrency exchange wallet operator. Cabital carries out its activities in accordance with Lithuanian regulations on AML/CTF, and is subject to the European Union’s General Data Protection Regulation. Cabital is audited yearly by an external auditor and places compliance and licensing at the core of its business.
Cabital was founded by Raymond Hsu in 2020. Prior to establishing Cabital, Raymond worked for over a decade, holding leadership positions in fintech companies such as Airwallex and global banks including Citibank. Cabital’s leadership team has extensive experience working in leading traditional financial institutions, including JPMorgan Chase & Co, Nomura Securities, UBS and AIA Group.
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