VeChain and Alchemy Pay teamed up to enable users to pay with the VET token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. at millions of merchants located in more than 70 countries.
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VET, the project’s native cryptocurrency Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. supply chain, VeChain , ahora está disponible para pagos en más de dos millones de tiendas alrededor de todo el mundo.
The new merchant payments option a contract giving the buyer the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price. comes as a result of a partnership with Alchemy Pay a company that provides cryptocurrency solutions. According to a tweet de Alchemy published this week, the partnership with VeChain will offer consumers in 70 countries the ability to pay for their purchases with the VET token at more than 2 million merchants.
???? Great news VeChainers! You can now use@vechainofficial‘s$VET token to pay at 2+million merchants in over 70 countries around the world!
???? Watch our crypto acceptance system in action in Toronto, Canada ???? https://t.co/U7dCw3PMw8 #VeChain #AlchemyPay $ACH pic.twitter.com/7M4cJrcW7C
— Alchemy Pay | (@AlchemyPay) April 27, 2022
The measure could boost the adoption of VET as a payment mechanism. VeChain has been characterized by its specific use case in supply chain management.
VeChain se asocia con Alchemy Pay
Launched in 2016, VeChain ofrece un un supply chain tracking system that combines physical tracking with record-keeping of Blockchain . The platform a place to buy, sell and store cryptocurrency has been adopted by several organizations looking for tracking solutions focused on logistics and supply chain.
However, VeChain is more than that. As an EVM-compliant layer 1 smart contract in traditional finance, a contract is a binding agreement between two parties. In cryptocurrencies, smart contracts execute functions on the blockchain. platform, it has multiple use cases, including support for decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. applications (DApps), tokens (NFT), decentralized finance protocols (DeFi) and more. It should be noted that VeChain take advantage of a Consensus consensus is achieved when all participants of the network agree on the order and content of the blocks in the blockchain. Test of Authority (PoA) mechanism instead of proof-of-stake poS is a type of consensus algorithm that rewards validators according to the amount of crypto they have staked. (PoS) or proof-of-work poW is a type of consensus algorithm that rewards validators according to the amount of computational power they have expended. (PoW), making it an environmentally friendly blockchain.
La Vechain Foundation, an organization that promotes that platform, had announced a partnership with Alchemy Pay in March. Based in Singapore, Alchemy aims to connect the fiat economy and cryptocurrencies for global businesses and consumers.
“ With Alchemy Pay’s fiat fiat currency is “legal tender” backed by a central government, such as the Federal Reserve, and with its own banking system, such as fractional reserve banking. It can take the form of physical cash, or it can be represented electronically, such as with bank credit. payment channel and cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. on-ramps, we’re bringing more mainstream accessibility to our network. “had commented the CEO of VeChain Sunny Lu, in a press release .
The integration of VET into Alchemy Pay’s cryptographic payment system is important to further expand the real-world use cases for VET as a form of payment.
Bridge with BNB Chain and other announcements
As reported by Cointelegraph The news about the integration of VET payments at merchants around the world was accompanied by other notable announcements. VeChain was included in the first group of tokens admitted to the new Binance Bridge 2.0 which provides a new way of linking tokens de Ethereum a decentralized open-source blockchain with smart contracts functionality. for use in the chain BNB Chain formerly known as Binance Smart Chain (BSC).
The other tokens that are incorporated into the bridge include The Sandbox ( SAND) , ApeCoin (APE), JasmyCoin (JASMY), Decentraland ( MANA ), ConstitutionDAO (PEOPLE), MovieBloc (MBL) and LooksRare (LOOKS), according to a anuncio oficial de Binance .
In other ads, VeChain also reported that he has joined Blockchain Infrastructure Alliance (BIA). This organization brings together industry experts and provides funding for research projects related to Blockchain . The aforementioned media picked up Lu’s statements about the new affiliation.
By working together with this leading blockchain group, we can develop understanding and support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. each other to drive the industry forward as a whole.
The news did not seem to have an impact on VET prices, which according to data from CoinMarketCap remains in bearish territory. The cryptocurrency has fallen about 2% in the last 24 hours and is trading at around USD $0.049 . A year ago, VET reached an all-time high of USD $0.25; its price has steadily declined since then.
- VeChain Foundation announces it will launch a new stablecoin a cryptocurrency with extremely low volatility, sometimes used as a means of portfolio diversification. Examples include gold-backed cryptocurrency or fiat-pegged cryptocurrency. known as VeUSD
- Jack Mallers announces Lightning Network a network refers to all nodes in the operation of a blockchain at any given moment in time. on Shopify, possibility to pay with Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. at 400k merchants like McDonalds, Starbucks, etc.
- Stripe launches new USDC payments feature on Polygon and Twitter will be the first to test it out
Article by Hannah Estefania Perez / DiarioBitcoin
Imagen de Unsplash
