VeChain Is Now Available As A MoE At 2 million Retailers

VeChain, a supply chain blockchain initiative, has announced a new partnership with Alchemy Pay, a crypto payment service, that will allow users to use their VET token as payment in over 2 million retailers across 70 countries.

Alchemy Pay has a contract with VeChain bags

The announcement coincided with its adoption as a supported cryptocurrency on Binance Bridge 2.0, which was just released. In the most recent development, crypto payment provider Alchemy Pay has partnered with VET to allow users to pay using VET tokens in over 2 million stores across 70 countries.

Binance adds VeChain to its list of supported cryptocurrencies

The announcement of Alchemy Pay happened to fall on the same day as another big release. Binance Bridge 2.0 went online two days ago and began allowing asset cross-chain bridging. Simply said, it creates a new way for Ethereum tokens to be used on the BNB Chain [formerly known as the Binance Smart Chain]. VET is one of the nine tokens that are currently supported.

The aforementioned announcements had little effect on the price of VET. The has been moving horizontally and consolidating around the $0.05 threshold since April 27. VET was also trading at the same level at press time, with VET valued at $0.0511 after a 1.5 percent drop in the previous 24 hours.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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