Thailand and Hungary's financial technology organizations have signed a bilateral Memorandum of Understanding (MOU) to support the introduction of Blockchain technology into their respective financial sectors.
According to a Facebook post published by the Hungarian Embassy in Bangkok, the MOU signed by the Thai Fintech Association (TFA) and the Hungarian Blockchain Coalition will enable the two associations to "share experiences, best practices and explore potentially beneficial areas for direct cooperation."
According to the Bangkok Post, TFA President Chonladet Khemarattana said that e-commerce, mobile payments and digital currencies are growing rapidly in Thailand and international cooperation is needed to further develop local financial technology.
