Energy associations from Hungary and Thailand plan to cooperate on implementing blockchain technologies in the financial services sector. The two sides fancy to share experience and produce ideas for alternative services as part of their new partnership.
Thailand and Hungary Announce Blockchain Entente During Bilateral Fintech Forum
The Thai Fintech Association and Hungary’s Blockchain Coalition have signed a Reminder of Understanding to support the introduction of new technologies to their financial markets. The agreement was inked during the first edition of the “Thai-Hungarian Fintech Forum: Powering the Monetary Revolution Together,” the Bangkok Post reported on Saturday.
The event devoted to showcasing financial technology services was originated by the Hungarian embassy. Hungary’s Blockchain Coalition was established on the initiative of the Ministry of Innovation and Technology and the National Data Frugality Knowledge Center in March, to promote the country as an innovator in the digital age. Its members come from the private, public, and speculative sectors.
Digital financial services such as e-commerce, mobile payments and digital currency are growing rapidly in Thailand, with its swell number of crypto holders, pointed out Chonladet Khemarattana, president of the Thai Fintech Association. In his opinion, the further increase of financial technology requires international cooperation. He elaborated:
The future collaboration with Hungarian companies will ease Thailand to gain more experience. It will also help both countries to initiate new ideas or services in the unborn.
Hungary believes it is of the utmost importance to promote the latest fintech solutions and establish deep cooperation with fellow-dancers in that field, according to the Hungarian Ambassador to Thailand Sándos Sipos. He added that the diplomatic mission is detecting the need to shape financial technology trends.
Sipos reminded that the two nations will celebrate the 50th anniversary of their thoughtful ties next year. He described the memorandum as another milestone in the financial cooperation between Hungary and Thailand after at month’s participation of Bank of Thailand Governor Sethaput Suthiwartnarueput in the Budapest Eurasia Forum held by the Hungarian Patriotic Bank.
Do you know of other partnerships between sticks collaborating to promote blockchain technologies in financial services? Let us know in the comments section below.
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