Is VeChain (VET) ready to fine Bitcoin as a payment network?

Is VeChain (VET) ready to fine Bitcoin as a payment network?


VeChain makes a difference – Work VeChain (VET) is better known in the cryptosphere for its existence a logistics traceability solution is based on blockchain technology. But a collaboration with AlchemyPay will also allow VET to be a means of payment by more than 2 million merchants.

In addition to traceability, VeChain’s VET plays the coin

The encryption project VeChain is relatively muted lately, as is the price of its inherent badge, the VETERINARYwhich is also affected by the general fall in oil prices. Bitcoin (BTC) and the encryption market. However, a number of good news could well restart the machine and increase both case of use and his own adoption.

On April 27, 2022, the VeChain Foundation announced new collaboration with AlchemyPay, a service that specializes in payments through cryptocurrencies. This correlation will allow the distinctive VET to be a Payment Method to 2 million points of sale, through 70 countries different.

“Thanks to our partner AlchemyPay, VETs can now be used to purchase goods in more than 2 million stores worldwide! Thanks to the advanced chain of low CO emissions blocks2, trades cost only a fraction of a penny and are processed in seconds from any VeChain wallet! »

The VeChain project and its VET are differentiated as a means of payment.
Twitter account @vechainofficial

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VET is supported in Binance Bridge 2.0 and BIA Membership

In addition to this agreement with Alchemy Pay, VeChain teams have partnered with crypto-change Binanceso that the VET is included in the first tokens supported by its new bridge exchange between chain blocks (bridge).

As the Cointelegraph specifically mentions, this bridge called Binance Bridge 2.0 will facilitate exchanges between ERC20 coupons Ethereum (ETH) and BEP20 brands at BNB Chain (formerly BSC / Binance Smart Chain).

To end this series of good news, VeChain has just also announced that the project has joined Blockchain Infrastructure Alliance (BIA):

“By working with this team of top blockchain projects, we can build knowledge and support each other to elevate the industry. [crypto] as a whole. »

Sunny Lu, CEO of VeChain

Will this series of promising and constructive announcements help? rejuvenate interest for VeChain? As we saw in recent technical analysis of the VET pricethe badge tends to accost (stationary) for several months. The revival of the cryptocurrency market, led by Bitcoin and / or Ethereum, therefore seems necessary for the real revival of altcoin.

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