Quick summary:
- VeChain (VET) is now an accepted form of payment in over 2 million stores that span 70 countries
- Support for VeChain as a payment option is the result of a partnership with Alchemy Pay
- The news comes in the backdrop of VeChain being a supported chain in Binance Bridge 2.0
VET, the coin behind the supply chain blockchain project of VeChain, is now accepted as a form of payment in over 2 million stores that span 70 countries. The new availability of VeChain as a payment option results from a new partnership with the crypto payment services provider of Alchemy Pay.
Alchemy Pay focuses on retail transactions using point-of-sale devices. Additionally, Alchemy Pay’s mission is to increase access to crypto with fiat currency, thus boosting the adoption of blockchain technology.
The announcement of the partnership between VeChain and Alchemy Pay was made via Twitter. It included a Youtube video showcasing an example of where VET is now accepted as a payment option. The video features a clothing and shoe store in an undisclosed location and a purchase being made comfortably with VET.
Thanks to partner @AlchemyPay, $VET can now be used to buy goods at 2 million+ stores globally!
Using our advanced low-#carbon #blockchain, transactions cost fractions of a cent & are processed in seconds from any #VeChain wallet!$ACH #DeFi $VTHO #Web3https://t.co/ceeHRpcbKT
— VeChain Foundation (@vechainofficial) April 27, 2022
VeChain (VET) is Now A Supported Asset on Binance Bridge 2.0
News of VeChain becoming an accepted payment option in over 2 million global stores comes in the backdrop of Binance announcing that VET is now supported on the second version of its Binance Smart Chain Bridge.
Other tokens now supported by the Binance Bridge 2.0 include Sandbox (SAND), ApeCoin (APE), JasmyCoin (JASMY), Decentraland (MANA), ConstitutionDAO (PEOPLE), MovieBlock (MBL), LooksRare (LOOKS), and Dogelon Mars (ELON).
According to the team at the exchange, Binance Bridge 2.0 ‘ introduces a new way to bridge listed and selected unlisted tokens from Ethereum to BNB Smart Chain as BTokens. You can use your wrapped tokens with the BNB Chain ecosystem and explore DeFi, blockchain games, metaverse, and more.’
Current Market Stats for VeChain (VET)
At the time of writing, VeChain (VET) is ranked 37th according to Coinmarketcap.com. The digital asset has a total market capitalization of $3.167 billion and is trading at $0.04925. VeChain has an all-time high value of $0.2782 set on April 17th, 2021, and an all-time low value of $0.001678 set on March 13th, 2020. Initial investors of VET, who have held since the project’s genesis, currently have an ROI of 226.65%.
[Feature image courtesy of VeChainInsider.com]