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Cryptocurrency News Articles

VeChain Mobile Wallet to Shutter, but Blockchain's Future Remains Bright

Mar 27, 2024 at 06:49 am

Coindar's VeChainThor mobile wallet will be discontinued and become read-only from March 31st. VeChain is a blockchain platform that uses VET tokens for payment and transactions, and VTHO tokens for transaction fees. VeChain has partnered with companies like PwC and BMW, leveraging its blockchain technology for industrial applications, particularly in supply chain management.

VeChain Mobile Wallet to Shutter, but Blockchain's Future Remains Bright

VeChain Mobile Wallet: What's the Deal?

So, heads up, the VeChainThor mobile wallet is getting the ax. From March 31st, it's read-only status only.

What's the Scoop on VET?

VeChain VVET is like the cool kid in blockchain town. It's all about making supply chains squeaky clean. And get this, it's got two tokens under its belt – VET and VTHO. VET is the dough you throw around to pay for stuff or send money to your VeChain pals. VTHO, on the other hand, ponies up for transaction fees and lets you play with smart contracts on the VeChain blockchain.

Who's on Team VeChain?

VeChain ain't no loner. It's got a gang of bigwigs on its side. We're talking PwC, BMW, and a whole crew of others. Why? Because VeChain's blockchain thing is a natural fit for industry, especially when it comes to managing supply chains.

What's the Future Hold?

Well, that's a whole other can of worms. The mobile wallet might be history, but VeChain is still kicking. It's got a strong team, solid partnerships, and a clear focus on supply chain solutions. So, keep an eye on this one. It's got the potential to make waves in the blockchain space.

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Other articles published on Apr 03, 2025