The key to promoting the development of blockchain lies in women? “Remitano” in Vietnam is committed to the policy of increasing female users of virtual currencies

Just as cultures differ from country to country, so do virtual currencies in Japan and Vietnam. Remitano, Inc. is carrying out “Remitano”, a virtual currency trading service in the United States, Malaysia, Vietnam and other places, to implement assistance activities for promoting the development of blockchain.
Angel investor Lynn Hoang, as a partner of the company, said that female users are the key to the growth of the blockchain. Mr. Abe of IFA Company conducted an interview regarding ways to push virtual currencies to female users and the situation of virtual currency market in Vietnam, where inflation is increasing.

Female users account for just less than 3%. This situation needs to be improved

Abe: It is said that you are committed to promoting the development of blockchain. What kind of activities are you carrying out?

The key to promoting the development of blockchain lies in women? “Remitano” in Vietnam is committed to the policy of increasing female users of virtual currencies

Just as cultures differ from country to country, so do virtual currencies in Japan and Vietnam. Remitano, Inc. is carrying out “Remitano”, a virtual currency trading service in the United States, Malaysia, Vietnam and other places, to implement assistance activities for promoting the development of blockchain.
Angel investor Lynn Hoang, as a partner of the company, said that female users are the key to the growth of the blockchain. Mr. Abe of IFA Company conducted an interview regarding ways to push virtual currencies to female users and the situation of virtual currency market in Vietnam, where inflation is increasing.

Female users account for just less than 3%. This situation needs to be improved
Abe: It is said that you are committed to promoting the development of blockchain. What kind of activities are you carrying out?

Lynn Hoang: We are now working on creating a community to promote the development of blockchain. At present, the number of blockchain users has not exceeded 10 million, and that is a very small number. Therefore, in order to further expand the scope of application, we are making a video introducing Satoshi (the smallest unit of currency in bitcoin) with Vietnamese acrobatics.

Abe: Are people interested?

Lynn Hoang: Yes they are. In June 2017, we established a community and held a lecture to explain to 500 women about what a blockchain is. Blockchain is a non-specific mechanism for multiple users to monitor each other’s registered historical transaction records. Currently, women accounts for less than 3% of the users monitored. Conversely, it is expected that women will become major users in the future. In order to improve women’s participation rate, they are specifically asked to reconsider the UX design, have repeated discussions on how to make the activities clear and understandable, or introduce the Owner in Japan.
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Abe: I see. It’s true that such view can only be shared among women. Are there any other measures?

Lynn Hoang: In order to increase women participaion in the blockchain, an activity was held on the SNS of Remitano on the International Women’s Day 2019. On International Women’s Day, Remitano asked people to comment on the reports submitted on Facebook and twitter through RT. They gave great feedbacks and raised funds for groups supporting unfortunate women or children according to the number of interactions. In fact, thousands of dollars have been donated to poor women in Africa. In addition, videos were created and released in more than 20 languages and was viewed 6,000 times.
Abe: There were really all kinds of activities. What is particularly important in promoing women’s participation in blockchain?

Lynn Hoang: I believe UX is very important, especially from the point of view of promoting it to women. Let’s think about traffic accidents, for instance. One of the reasons behind car accidents happening in women is that the current design of cars is not suitable for women, because engineers always design cars from a male perspective”. The same can be said for blockchain.

Abe: We should also devote ourselves to training engineers, right?

Lynn Hoang: Yes. Training female engineers is also one of our goals. In fact, I have women friends in San Francisco who hold seminars and impart knowledge to participants. However, I have realized that the problem UX design is not so much about technology, rather, it is problematic itself. In the future, I would also like to focus on that.

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In Vietnam, wardrobe deposit (hiding money at home) is the mainstream, and virtual currencies are promoted in the countryside.
Abe: About the difference between the situation of virtual currencies in Japan and Vietnam, I would like to ask, first of all, what do you think about the virtual currencies in Japan?

Lynn Hoang: One thing I admire very much after I came to Japan is the excellent blockchain system made by you guys in Japan. For example, I don’t speak or understand any Japanese, but I have no problem using the Internet system. It works very smoothly. Maybe this is because the historical record system is set up very well. However, when it comes to virtual currencies, it is mostly the elderly that are interested in blockchain, which is a little bit confusing. I had already felt this quite strongly when I was invited to Japan previously.

Abe: I see. So, can you tell me about the current situation of virtual currencies in Vietnam?

Lynn Hoang: In Vietnam, virtual currencies are more popular in rural areas than it is in big cities. As long as you say, “if you buy this, it will increase 5 times, 10 times, or even 20 times right away”, everyone will believe it and buy into it. Why is that so? I think it is because of the inflation in Vietnam. People don’t trust banks very much and generally keep their money in hand.

Abe: It’s just like what the Japanese calls wardrobe deposit.

Lynn Hoang: In Vietnam, “introduction” is very important, particularly in the younger generation of 10-20 year-olds, as they believe in recommendations from friends very much. I think this is a hint for promoting blockchain. The next step is to turn services into a trump card, which means that attractive services must be provided to make blockchain popular.

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Abe: In addition, are there any other measures or points regarding the expansion of understanding in blockchain?

Lynn Hoang: One of the ways to expand understanding is to use Facebook. I find that at present, Facebook gets involved in legal and regulation issues quite often, so it will take a little more time. Working in a more freewheeling location offers more freedom from rules and ideas than a fixed office in a restrictive country like the United States.

Abe: Well, this is my last question. What do you want to say to people or female friends who “don’t know blockchain very well”?

Lynn Hoang: If you want to understand the mechanism of blockchain, please buy virtual currencies first, even just a little bit. If you are determined to give it a try, you’ll probably understand the mechanism of blockchain.

AIre VOICE publishes the latest news on blockchain and features interviews as well as columns for people with various backgrounds. Please have a read.

Author /Koizumi Chihiro Editor/YOSCA Photograph/Ryo Kuramochi

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