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

VeChain diversifies – The project VeChain (VET) is best known in the cryptosphere for being a logistics traceability solution based on blockchain technology. But a partnership with AlchemyPay will also allow the VET to be a means of payment from more than 2 million merchants.

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

The crypto project VeChain has been relatively muted lately, as has the price of its native token, the VETwhich is also affected by the general drop in oil prices. Bitcoin (BTC) and the crypto market. However, a series of good news could well restart the machine and increase both its use case and his adoption.

On April 27, 2022, the VeChain Foundation announced a new partnership with AlchemyPay, a service specializing in payments via cryptocurrencies. This association will allow the VET token to be a method of payment at 2 million points of sale, through 70 countries different.

“Thanks to our partner AlchemyPay, VETs can now be used to purchase goods in over 2 million stores worldwide! Thanks to our advanced low-CO blockchain2, transactions only cost a fraction of a penny and are processed in seconds from any VeChain wallet! »

Twitter account @vechainofficial

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VET Supported in Binance Bridge 2.0, and BIA Membership

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

As Cointelegraph reports in particular, this bridge called Binance Bridge 2.0 will facilitate exchanges between ERC20 tokens on Ethereum (ETH) and BEP20 tokens on the BNB Chain (formerly BSC/Binance Smart Chain).

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

“By working together with this group of leading blockchain projects, we can build knowledge and support each other to elevate the industry. [crypto] in its entirety. »

Sunny Lu, CEO of VeChain

Will this series of promising and constructive announcements help revive interest for VeChain? As we saw in a recent technical analysis of VET pricethe token tends to lateralize (stagnant) for several months. A revival of the crypto market, led by Bitcoin and/or Ethereum thus seems necessary to really revive altcoins.

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