The supply chain blockchain project VeChain announced a partnership with crypto payment provider Alchemy Pay to enable payment options globally in more than 2M stores using VeChain’s native digital currency $VET.
Alchemy Pay is a payment system focused on retail transactions at the Point-of-Sale and peer-to-peer remittances where customers can make payments in fiat, stablecoins and other cryptocurrencies.
Users interested in the service will be able to pay a low transaction cost when using the service thanks to VeChain’s low-carbon and scalable blockchain technology.
The announcement coincides with VET token’s adoption as a listed crypto token on Binance Bridge 2.0, which was launched last month. The listed tokens will be stored in Funding as well as Spot wallet.
VeChain is making big moves as it recently announced its membership in the Blockchain Infrastructure Alliance (BIA), an organization that brings together industry professionals and funds blockchain-related research.
The latest developments had minimal impact on the price of VET, which only gained 4% for a brief amount of time. At the time of writing VET token is trading at $0.04957.
