VeChain, a supply chain blockchain initiative, has announced a new partnership with Alchemy Pay. This crypto payment service will allow users to use their VET token as payment in over 2 million retailers across 70 countries.

The announcement coincided with its adoption as a supported cryptocurrency on Binance Bridge 2.0, which was just released.

https://twitter.com/vechainofficial/status/1519322011553648645

The first group of tokens supported on the new Binance Bridge 2.0 was VeChain. The Binance Bridge 2.0 is a new mechanism to connect Ethereum tokens to the BNB Chain, previously known as the Binance Smart Chain.

SAND, APE, JASMY, MANA, PEOPLE, MBL, LOOKS, and ELON are the other bridged tokens.

As if that weren't enough, VeChain also announced on Thursday that it had joined the Blockchain Infrastructure Alliance (BIA). This group brings together industry professionals and funds blockchain-related research initiatives.

VeChain is a supply chain tracking system that combines physical tracking with blockchain record keeping. It was founded in 2015. VeChain currently provides logistics and supply chain-focused tracking solutions to many enterprises.

Instead of staking or mining, VeChain uses a Proof of Authority (PoA) consensus process with 101 master nodes that function by confirming identities and reputations.

VeChain Has Announced a New Partnership with Crypto Payment Services

VeChain, a supply chain blockchain initiative, has announced a new partnership with Alchemy Pay. This crypto payment service will allow users to use their VET token as payment

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

VeChain Has Announced a New Partnership with Crypto Payment Services

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