VeChain Teams Up with Oobit for Cryptocurrency Payment Integration
Date: 2024-03-07 Author: Dima Zakharov Categories: BUSINESS
Advancing Cryptocurrency Integration
Oobit, a leading mobile payment app, has entered a partnership with VeChain to integrate VET (VeChain Token) into its platform, signaling a significant move towards advancing the use of cryptocurrencies for sustainable daily payments. This collaboration aligns with VeChain's commitment to ESG initiatives, envisioning a future where blockchain and digital assets drive sustainable practices across industries.
Empowering Everyday Transactions
With 72.7 billion out of 85.9 billion VET already in circulation, integrating VET into Oobit's Tap&Pay feature enables users to utilize it for daily transactions, contributing directly to VeChain's ESG aspirations. Users engaging with sustainable development-oriented decentralized applications through VeBetterDAO earn $B3TR, the platform's incentive token, fostering wider adoption of VET and VTHO. Employing VeChain's "X-2-Earn" model, VeBetterDAO aids stakeholders, from individuals to large corporations, in actively supporting sustainable development efforts.
Initial Rollout and Global Reach
The initial launch of Oobit's Tap&Pay feature will cover Europe, starting with Android users. The company's robust ecosystem allows cryptocurrency holders to use Tap&Pay at over 100 million retail stores worldwide accepting Visa and Mastercard. By integrating VET into everyday payments through Oobit, VeChain not only promotes widespread cryptocurrency adoption but also encourages users to actively participate in sustainable initiatives.
