Malaysian companies BOXTradEx and BOCT have signed a strategic partnership to allow BOXTradEx users to settle fiat-to-cryptocurrency transactions, subjected to rates.
Moreover, the partnership includes an establishment of a Fiat On-Ramp platform for users in Southeast Asia countries, such as Vietnam and Indonesia. This allows them to deposit fiat money from their bank account in return of digital assets like BOCT, BTC, Ethereum, USDT and more.
The spending of digital assets is generally a prevailing issue within the digital assets ecosystem due to its inaccessibility and unreliableness. Merchants also pointed out that digital assets are still not widely accepted as a mainstream payment mode.
In response to the problem above, BOXTradEx and BOCT decided to improve the accessibility and convenience for the sake of BOXTradEx’s users, as well as to provide more option to expand in the digital assets ecosystem.