Bitget Wallet’s VietQR Integration: A Leap for Crypto Payments in Vietnam

In a significant step toward bridging cryptocurrency and everyday transactions, Bitget Wallet has introduced a feature allowing users in Vietnam to pay with digital currencies by scanning VietQR codes. VietQR, the country’s national QR payment standard, is supported by over two million merchants nationwide. This integration promises seamless payments with minimal fees, eliminating the need for manual fiat conversion—a development that could redefine how Vietnamese consumers and businesses interact with cryptocurrencies.

VietQR and the Rise of Digital Payments in Vietnam

VietQR is more than just a payment tool; it’s a cornerstone of Vietnam’s push toward a cashless economy. Launched by the State Bank of Vietnam in collaboration with the National Payment Corporation of Vietnam (NAPAS), VietQR standardizes QR code payments across the country’s sprawling network of 55 banks and payment institutions. According to a 2023 report from the State Bank of Vietnam, QR code transactions have surged in popularity, with millions of merchants—from street vendors to large retailers—adopting the system for its simplicity and security.

Bitget Wallet’s integration taps into this robust infrastructure, enabling users to spend stablecoins like USDT and USDC at VietQR-accepting merchants. The wallet supports multiple blockchain networks, including Ethereum, Tron, Solana, Base, TON, and BNB Chain, with plans to expand compatibility further. When a user scans a VietQR code, the wallet instantly converts the crypto payment into the merchant’s required Vietnamese dong (VND) amount. This process, facilitated by Bitget’s partnership with local payment provider AEON, ensures that merchants receive fiat while users enjoy the flexibility of paying with crypto.

Vietnam’s digital payment landscape provides fertile ground for such innovations. A 2022 study by Statista noted that mobile payments in Vietnam grew by over 30% annually, driven by a young, tech-savvy population and government initiatives to reduce cash dependency. By aligning with VietQR, Bitget Wallet positions itself at the intersection of this trend and the growing global interest in cryptocurrencies.

Strategic Partnership with AEON and Technical Innovation

The backbone of this integration is Bitget Wallet’s collaboration with AEON, a licensed payment service provider in Vietnam. AEON’s established connections with VietQR’s network of banks and merchants allow Bitget users to transact effortlessly across a vast ecosystem. This partnership extends beyond technical compatibility—it’s a strategic move to make crypto payments accessible to both urban consumers and rural vendors, democratizing digital finance in a country where small businesses dominate the economy.

Technologically, the integration stands out for its efficiency. Bitget Wallet employs an automated conversion system that calculates real-time exchange rates and applies minimal transaction fees—often lower than those of traditional crypto-to-fiat exchanges. According to Bitget’s official documentation, this is achieved through optimized smart contracts and off-chain processing, ensuring speed without compromising security. For users, the experience is straightforward: scan a VietQR code at a coffee shop or market stall, confirm the payment in the wallet app, and the transaction completes in seconds.

To incentivize adoption, Bitget Wallet launched a promotional campaign offering 50% cashback on the first VietQR payment for the first 50,000 new users in Vietnam. Running from June 16 to July 30, 2025, this initiative aims to attract early adopters and demonstrate the practical benefits of crypto payments. Official announcements on Bitget’s social media channels confirm the campaign’s details, aligning with the company’s broader mission to drive mainstream cryptocurrency use.

The wallet’s versatility extends beyond VietQR. Users can also link crypto cards for online and in-store purchases or explore Bitget’s in-app marketplace, which supports transactions with over 300 brands. These features create a comprehensive payment ecosystem, catering to diverse consumer needs while reinforcing the wallet’s utility.

Implications for Vietnam and Beyond

Vietnam’s cryptocurrency landscape is evolving rapidly. A 2023 Chainalysis report ranked Vietnam among the top countries globally for crypto adoption, fueled by remittances, trading, and a burgeoning tech sector. Bitget Wallet’s VietQR integration builds on this momentum, offering a practical use case that could accelerate acceptance among merchants and consumers alike. For a country where cash still accounts for a significant portion of transactions, this feature represents a bridge between traditional finance and the digital future.

The broader implications are equally compelling. Southeast Asia, with its mix of developing economies and high mobile penetration, is a prime region for crypto payment innovations. Vietnam’s role as a pioneer in this space could inspire similar integrations in neighboring countries like Thailand or Indonesia, where QR payment systems are also gaining traction. Bitget Wallet has already signaled its intent to expand this model globally, targeting regions such as Latin America and Africa, where digital payments are on the rise.

This launch builds on Bitget’s earlier success with Solana Pay, a feature introduced in 2024 that enabled instant payments on the Solana blockchain. By combining Solana Pay’s speed with VietQR’s reach, Bitget Wallet is crafting a blueprint for how cryptocurrencies can integrate with national payment infrastructures. Industry experts see this as a potential turning point. “Crypto payments have long been theoretical for most people,” said Tran Minh, a blockchain analyst based in Ho Chi Minh City. “Bitget’s approach makes them tangible, especially in a market like Vietnam where digital adoption is accelerating.”

Looking ahead, Bitget Wallet plans to enhance its offerings with additional blockchain support and partnerships. The company’s roadmap includes integrating more local payment systems worldwide, potentially adapting the VietQR model to other national standards. This forward-thinking strategy aligns with global trends: a 2024 Mastercard report predicted that digital wallets and QR payments would account for over 50% of transactions in Asia-Pacific by 2030.

For now, Vietnam serves as a proving ground. If successful, Bitget Wallet’s integration could not only reshape how Vietnamese consumers use cryptocurrencies but also set a precedent for the global fintech industry. As digital assets move from speculative investments to practical tools, initiatives like this highlight their potential to transform everyday life—one scan at a time.