On November 5, 2017, at 2:30 PM local time, Thailand's digital currency exchange BitThai held its official launch event in Bangkok. Representatives from Qtum Quantum Chain and several Qtum-based DApps—including Energo, Ink, MediBloc, and Qbao—joined BitThai CEO Rujia Liu, Thai government officials, and Australian delegates to witness this milestone. The event garnered significant media attention, with live broadcasts reaching a global audience.
BitThai: A Vision for Blockchain-Powered Commerce
Rujia Liu, CEO of BitThai, delivered the keynote address, outlining the exchange's mission:
"BitThai is a blockchain asset trading platform integrating digital currencies with real-world commerce. By enabling merchants to accept crypto payments, we aim to make transactions as seamless as Alipay or WeChat Pay—ushering in a new era of financial innovation for Thailand."
Liu emphasized BitThai's goal to democratize blockchain transactions, positioning it as a catalyst for Thailand's economic modernization.
Qtum Quantum Chain: Pioneering Smart Contract Innovation
Deng Shun, Qtum's Business Development Director, highlighted the platform's technical advantages:
- Hybrid Architecture: Qtum's Account Abstraction Layer (AAL) merges Bitcoin's UTXO model with Ethereum Virtual Machine (EVM) compatibility.
- Upcoming X86 Virtual Machine: Beyond EVM, Qtum will introduce its proprietary X86 VM for broader developer flexibility.
- Distributed Governance Protocol (DGP): Enables dynamic blockchain parameter adjustments.
"With 30+ projects already building on Qtum, we're thrilled to support BitThai's launch. This partnership aligns with our vision to foster a global blockchain ecosystem," Deng stated.
Spotlight on Qtum-Based DApps
Post-launch, representatives from Qtum-powered decentralized applications showcased their innovations:
- Energo – A peer-to-peer decentralized energy exchange platform.
- Ink – Blockchain infrastructure for digital intellectual property rights.
- MediBloc – Secures medical data sharing via blockchain (notable for its South Korean healthcare integration).
- Qbao – Social network enhancing Qtum community engagement.
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FAQ: Qtum and BitThai Collaboration
Q: What makes Qtum Quantum Chain unique?
A: Qtum combines Bitcoin's security with Ethereum's smart contract versatility, offering developers a robust, adaptable platform.
Q: How does BitThai plan to onboard traditional merchants?
A: BitThai's point-of-sale integrations simplify crypto payments, mirroring conventional digital wallet experiences.
Q: Why is Thailand a strategic market for blockchain?
A: Progressive regulations and high mobile penetration make Thailand ideal for fintech innovation.
The event concluded with shared optimism for blockchain's potential to transform everyday transactions. Both Qtum and BitThai exemplify how strategic partnerships can accelerate real-world crypto adoption.
Editorial Note: This article is adapted from original reporting by 8BTC.
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