Supply chain focused VeChain’s altcoin project VET is now accepted as payment in more than two million stores worldwide after partnering with cryptocurrency payment protocol Alchemy Pay (ACH). Here are the details…
Popular altcoin VET expands
According to a new announcement, VeChain’s native token VET is now available for real-world goods and services via the Alchemy Pay platform with instant transactions costing less than a penny. can be used to purchase services. In its statement, VET pointed out that thanks to its partnership with Alchemy Pay, VET can now be used to purchase products in more than two million stores worldwide.
“Using our advanced low-carbon Blockchain, transactions cost less than a penny and are processed in seconds from any VeChain wallet,” the statement said. Vechain CEO and founder Sunny Lu said in a press release in March that VET’s partnership with Alchemy Pay aims to increase its utility and adoption rate as a payment instrument. Its integration into the cryptocurrency payment system is important to further expand the real-world use cases of VET as a form of payment. Mainstream adoption of VET will increase by enabling major payment standards such as Visa, Mastercard, and Paypal using Alchemy Pay, enabling direct access, bypassing the complications of crypto exchanges that can be a stumbling block for many new users.
VeChain (VET) is now supported in Binance Bridge 2.0
News that VeChain has become a payment option accepted in over 2 million global stores Binance’ This came after the news that VET is now supported on BNB Chain. VET is among the other tokens supported by Binance Bridge 2.0, as we have also reported as Kriptokoin.com. According to the team at the exchange, Binance Bridge 2.0 offers a new way to bridge 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, the metaverse and more.