SINGAPORE MARCH 22 2023 / EMURGO Group Pte. Ltd. (“EMURGO”) – EMURGO, the official commercial arm and a founding member of the Cardano blockchain, today announced a strategic partnership with Thailand’s number one cryptocurrency exchange, Bitkub Exchange, and top digital asset education hub, Bitkub Academy. Through the partnership, EMURGO, Bitkub Exchange, and Bitkub Academy will closely collaborate to achieve the following objectives:
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- Foster broader awareness of the Cardano blockchain ecosystem and Web3 in Thailand through community-building and educational initiatives
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- Co-host Web3 business competitions for talented Thai youth and university students and provide Web3 career opportunities
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- Explore potential use cases for Cardano ecosystem projects including stablecoins
The announcement signals a major step in the acceleration of EMURGO’s vision to expand its solutions footprint locally and regionally building on the Cardano ecosystem.
Established in February 2018, Bitkub Exchange is Thailand’s largest and number one digital asset and cryptocurrency exchange which was the first digital asset exchange to receive a legal license to operate from The Securities and Exchange Commission, Thailand (SEC Thailand), enabling it to become one of Thailand’s first unicorn startups [1]. Alongside Bitkub Exchange, Bitkub Academy was founded to create an open education system for users by developing equal access to knowledge concerning the cryptocurrency space through educational content, courses, meet-ups, and other initiatives.
“We acknowledge first-hand the increasingly high adoption of usage and blockchain solutions development that exists in Thailand. This multi-layered partnership will open further opportunities, drive education and development, and further cement the position of the Cardano ecosystem in Thailand with Bitkub as the local partner,” said EMURGO CEO Ken Kodama.
“Whether it’s Bitkub Exchange or Bitkub Academy, we have a joint goal in developing sustainable partnerships alongside partners with correlating goals. It makes sense for us to collaborate with EMURGO and Cardano in developing opportunities for users worldwide through updates on news and current affairs of various technological developments that are progressing at an advanced rate. In the past couple of months, we have been working together to distribute news and knowledge behind the Cardano ecosystem,” stated Bitkub Labs Co., Ltd. CEO Sugrit Phutaviriya.
According to The 2022 Global Cryptocurrency Adoption Index report by blockchain analysis firm Chainalysis, Thailand is ranked eighth globally regarding crypto user adoption with over $100 billion recorded in transactions from July 2021 to June 2022 [2] [3]. The Central & Southern Asia & Oceania (CSAO) region is home to seven of the top twenty countries globally for crypto adoption in the report, with CSAO citizens receiving $932 billion in cryptocurrency value over that period.
Cardano is an open-source and distributed blockchain platform, driven by scientific research and peer-review methods. The Cardano blockchain has been carefully designed from inception to be environmentally friendly by utilizing a proof-of-stake consensus protocol and aims to provide a blockchain platform to deliver accessible economic services to all.
About EMURGO
EMURGO is the official commercial arm of Cardano and provides socially impactful solutions to solve some of the most intricate problems of organizations. As a founding entity of the Cardano protocol, EMURGO is able to leverage its abilities for large-scale blockchain development and rapid solutions deployment to benefit its global clients.
EMURGO has worldwide offices in the U.S., Singapore, India, Indonesia, the Middle East, and Africa, and a roster of global clients & partners. To connect and learn more, visit https://emurgo.io.
About Bitkub
Bitkub Exchange is the number one cryptocurrency and digital asset exchange in Thailand with full regulation and licensing from The Securities and Exchange Commission and Ministry of Finance of Thailand with direct Thai baht deposit and withdrawal services. For more information, please visit https://www.bitkub.com.
Bitkub Academy is the central hub for all things crypto with the mission of enabling a new education system, specializing in providing knowledge of the digital asset space, and partnering with leading institutions and entities to develop a large-scale web of knowledge provision. For more information, please visit https://www.bitkubacademy.com.
Sources:
[1] https://aws.amazon.com/solutions/case-studies/bitkub/
[2] https://blog.chainalysis.com/reports/2022-global-crypto-adoption-index/
