The Socialist Republic of Vietnam is one of the biggest Bitcoin users in the world and the cryptocurrency industry is growing at a high speed in this Southeast Asian country. Around 22% of the citizens own or transact with cryptos.
The British multinational banking giant HSBC has successfully completed a blockchain-enabled Letter-of-Credit (LC) transaction. The Bank announced that it was propagated between South Korea and Vietnam. This marks the first blockchain LC operation for both countries and seventh in the world in general.