The VeChain Foundation has announced a partnership with Shopping.io, an e-commerce platform of international scope that has been integrating crypto payments. From today July 9th, consumers can use VET tokens to purchase at Amazon, eBay, Walmart, and Etsy.
In addition, VET holders can benefit from a 2% discount on all items, from electronics, novelty, everyday items, and more. The discount will be available for the next two weeks as of today. Arbel Arif, founder, and CEO of Shopping.io said the following on its cooperation with VeChain.
VeChain is an absolutely huge accomplishment for shopping.io because of their passionate community and longevity in the space. We are excited to see what more the future might bring through this partnership.
This crypto onboarding platform is amongst the few that allow its users to take their cryptocurrencies for online shopping. In addition to VET, Shopping.io offers its consumers “hundreds of different tokens”.
The platform has two native tokens of its own called $SPI and $GSPI. This can use while purchasing to receive further discounts. According to an official post, the company:
(…) believe in the power of absolute freedom when it comes to E-commerce and changing the industry for the better, forever. One purchase at a time.
Another ecosystem partner! #VET is expanding utility across more platforms! https://t.co/c9O7NQXTTm
— VeChain Foundation (@vechainofficial) July 9, 2021
VeChain (VET) Makes Its Way To The High Table As It Gains More Relevance In China
The VeChain foundation has been announcing important partnerships recently. This included e-commerce, environmental, and other sectors. The organization was part of the Food Safety Summit of the China Animal Health and Food Safety Alliance (CAFA) on July 7, 2021.
This organization is composed of some of the biggest names in the sector, such as Starbucks, Unilever China, Mars China, YumChina, and Cargill, and many more as seen below.
Members of the China Animal Health and Food Safety Alliance (CAFA). Source: VeChain Foundation
VeChain is the sole public blockchain provider for this alliance. During the Summit, the foundation addressed:
(…) the radical potential of agricultural traceability to connect and transform the entire value chain, from producers to customers & gov bodies.
CAFA operates directly under the government institution called the Chinese National Agricultural Science Technology Innovation Alliance. Founded by the Ministry of Agriculture of the People’s Republic of China, VeChain’s participation in the summit goes to show the importance of this platform in the Asian Giant.
The alliance has set out to build a traceable system by leveraging blockchain technology. The members of this initiative will be able to log, share, and secure data on the blockchain VeChainThor. Thus, increasing the trust between the end consumers and the companies.
At the time of writing, VET trades at $0,07 and has been following the general sentiment in the market. Therefore, it records important losses in the 7-day (-11-1%) and 30-day (-33.1%) chart.
VET on a downtrend in the daily chart. Source: VETUSDT Tradingview
