- VeChain integrates with Zeux payment app gaining exposure to more than 192 million customers
- VET tokens can now be spent at stores with Apple Pay, Samsung Pay
- At press time, VET trades at $0.006 with a market cap slightly above $334 million
Singapore-based blockchain supply chain project VeChain has had quite the first five months in 2019. Speaking of recent developments in the VET ecosystem, there’s no dearth of options. From integration with crypto payment app Zeux to surpassing bitcoin in daily transaction volumes, the first week of May didn’t lack in action for VeChain.
VeChain opens to Apple Pay, Samsung Pay Merchants
After adding the likes of IOTA and NEO to its arsenal, blockchain-powered payments app Zeux recently announced the integration of the VET token into its platform. According to the announcement, from May 7 onwards, VET holders will be able to pay at all stores using Apple Pay and Samsung Pay. This essentially gives VET direct exposure to more than 192 million customers in total.
Thanks for the integration and now VET holders can use their VET to pay at all stores using Apple Pay representing approximately 140mm global users in 2018 and Samsung Pay representing 51mm global users in 2018 via #Zeuxapp. (User Data according to Juniper Research). https://t.co/tIWwWn27eC
— VeChain Foundation (@vechainofficial) May 6, 2019
Sharing his excitement over the integration with VET token, Frank Zhou, founder, and CEO of Zeux said:
“It is our great pleasure to add VET to our listing. VeChain has been a major player in developing its blockchain to make a difference in enabling enterprises and professional teams to leverage public blockchain. In particular, given the large VeChain community in Europe, the partnership will help us to reach our target European customer base.”
VET Overtakes BTC in Daily Transactions
Another huge milestone achieved by VeChain this week was eclipsing bitcoin in terms of daily transactions recorded. Rumors of VeChain’s partnership with accounting giant Deloitte have been running rife on the internet for weeks now. However, a recent development finally cemented the sentiment that there’s much to these rumors than pure speculation.
In a recent Linkedin post, Cillian Leonowicz, director at Deloitte and the EMEA Blockchain Lab Co-Lead announced that the migration from the Ethereum network to the VeChain Thor network has been a step forward for the company. Over the last weekend, Deloitte has recorded more transactions than that of bitcoin, with a solid 20+ transactions per second and a total of 359,008 transactions were completed.