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

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

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

The cryptographic project VeChain has been relatively muted lately, as has the price of its native token, the VETwhich is also affected by the widespread fall in oil prices. Bitcoin (BTC) and the cryptographic market. However, a number of good news it could restart the machine and increase it as much use case and his adoption.

On April 27, 2022, the VeChain Foundation announced a new partnership with AlchemyPay, a service specializing in cryptocurrency payments. This association will allow the VET token to be in Payment method to 2 million outlets, through 70 countries different.

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

Twitter account @vechainofficial

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VET compatible with Binance Bridge 2.0 and BIA membership

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

As Cointelegraph reports in particular, this bridge was named Binance Bridge 2.0 facilitate exchanges between ERC20 tokens Ethereum (ETH) and BEP20 tabs at 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 Alliance for blockchain infrastructure (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 ads help? revive interest for VeChain? As we have seen in a recent one technical analysis of the price of VETthe witness tends to lateralize (stagnant) for several months. Therefore, a renaissance of the cryptocurrency market, led by Bitcoin and / or Ethereum, seems necessary to really revive altcoins.

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