Online travel website based in HCMC has announced acceptance flight bookings and payments in Bitcoin.
This website belongs Company Future.Travel also called Industrytravel.asia was established since 2011 but previously were traded under the traditional method (cash) and only operates online shopping websites globally been two weeks now.
Customers who bought the ticket and the accompanying services on the website have the right to choose the currency of his country. Once you find and book the flight or products, in part payment, the customer will receive a discount in the selected currency, payable by credit card companies or Bitcoin account. "Due to go into operation new current should not arise with Bitcoin transaction," the company representative information.
The company said that accept Bitcoin via a microprocessor third party.
Explaining the reasons for selecting Bitcoin payment transaction, David Watson, Director of Future.Travel said that customers often complain about the cost of credit card transactions, whereas the enterprise also be charged from bank more goods but slow transfer speed. "Therefore, we choose Bitcoin with hope to resolve issues of cost and speed of transaction processing," he said.
He also said that accept Bitcoin payments with a rational employment of the company as it will pick up before the new trend of the world. "According to our understanding, the Bitcoin is not merely a virtual currency which is a new payment method is quite secure, widely used in network environments, has been approved in many units, retail stores world-famous, "the company representative said.
However, the absence of a legal text in Vietnam and around the world provides for the transaction using the virtual currency has led to many fears and risk aversion.
Talking to VnExpress.net, deputy director of the State Bank branch in HCM City, Nguyen Hoang Minh affirmed Bitcoin currency is not under the current law and is not legitimate means of payment in Vietnam South. This leader says not currently have any regulations regarding sanctions the use of Bitcoin as a means of payment.
According to Mr. Minh, not just Bitcoin, the virtual currency other similar if used as means of payment will not be legally recognized and protected. Credit institutions are not allowed to use the currency as a means of payment or the provision of services to customers.
Therefore, the State Bank recommends organizations, individuals should not invest, holding and transactions involving Bitcoin virtual currency and the like. "Bitcoin is not dominated and controlled the transactions by the State authorities, therefore Bitcoin owners will bear the entire risk as there is no mechanism to protect the interests", Mr. Minh said.
Last year, when there is a sale first forum in Vietnam declaring accept Bitcoin and another company made announcement online Bitcoin exchanges, the State Bank has also given emphasis here is not is the currency under current law and is not legitimate means of payment in Vietnam.
Bitcoin is a currency generated by solving complex algorithms.
Bitcoin born in 2008, began to be traded on Mt.Gox - the largest Bitcoin exchanges world in 6/2010, the 2013 is used on all aspects of payment, commodity trading and investment property in many countries.
Bitcoin Founder wrote these advanced encryption algorithms that its platform is an open source. Anyone who understands programming can also participate in "training Bitcoin" using the computer system to solve the increasingly complex algorithms. Without a central bank, including who created it can manage Bitcoin. Last year Mt. floor Gox was bankrupt, damaging nearly half a billion dollars to customers. This has made people more afraid to play.
Source: VNE
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