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Frequently Asked Questions about Payment

Why did TECD choose to build this App on a Blockchain platform and accept payment in cryptocurrency?

Estimated reading: 2 minutes 20 views
  • TECD develops the application on a Blockchain platform with the goal of building a community co-ownership model in technology. In this model, the community is empowered to make decisions based on the advantages of blockchain such as trust, transparency, and automation. Furthermore, the application of blockchain in intellectual property rights management allows open-source solutions to be commercialized by their own communities. 
  • Developing on blockchain also helps participants in the solution (seniors and young people) to engage and interact with each other easily from anywhere in the world. 
  • Accordingly, payments are also conducted on blockchain using cryptocurrency, enabling fast and convenient transactions that can be carried out anywhere. 
  • On the other hand, cryptocurrency is considered the currency of the future, with an increasing number of service platforms using cryptocurrency for transactions, such as: Zaiko (events and digital content), Bitwage (payroll), Travala (travel), The Giving Block (charitable donations)... 
  • Moreover, in Vietnam and other Asian countries, cryptocurrency payments have become more popular than ever. Many small and large businesses have integrated cryptocurrencies like Bitcoin, Ethereum, and USDT into their payment methods.

    For example, in Vietnam, several major cryptocurrency exchanges such as Binance and Remitano allow users to easily buy, sell, and trade cryptocurrencies. In addition, many shops and cafes have started accepting crypto payments, providing greater convenience for users.


           On a larger scale, countries like South Korea and Japan have established clear regulations on cryptocurrency, and many large enterprises have adopted this technology in their business operations. This shows that using cryptocurrency for payments is no longer a novelty but has become an essential part of modern life.