VeChain (VET) Now Available for Payment on iOS via Oobit, Targeting 100M+ Retailers Worldwide

According to the latest report by VeChain (VET) shared by blockchain researcher Collin Brown, VET is now available for payment on iOS via the leading mobile

Cryptocurrency payments are advancing rapidly, with major tokens like Bitcoin (BTC) and Dogecoin (DOGE) now accepted at several retail stores. In the latest development, VeChain (VET) has become available for payments on iOS devices through the Oobit mobile payment app. This integration allows crypto holders to use VET for tap-and-pay transactions at over 100 million retailers globally.

The move is part of a recent partnership agreement between Oobit and VeChain to incorporate VET into Oobit’s platform. This collaboration aims to expose the asset to mass adoption and encourage participation among users in utilizing sustainable implementations of crypto technology.

Earlier, our report on this collaboration highlighted VeChain’s commitment to environmental, social, and governance (ESG) initiatives through this integration, particularly in regions with stringent regulations.

Commenting on the partnership, VeChain CEO Sunny Lu stated that the partnership extends beyond technology and aims to create a positive societal impact.

VeChain is excited to partner with Oobit, merging our commitment to ESG initiatives with Oobit’s innovative approach. The integration of VET into Oobit’s platform is not just a technological enhancement; it’s a tangible step towards making blockchain technology synonymous with positive societal impact.

More on the VeChain and Oobit’s Collaboration

In a blog post detailing the collaboration, it was mentioned that this move aligns with VeChain’s ‘Blockchain Biosphere’ concept, which demonstrates how the blockchain ecosystem can address specific sustainability challenges across different industries.

Specifically, this ranges from carbon capture prevalent in the energy sector to the enhancement of global logistics trails.

Oobit’s latest expansion in the crypto industry is supported by the $25 million secured in a Series A funding round. Currently, Oobit is expanding its payment ecosystem by adding more crypto assets to the six supported tokens.

According to Oobit CEO Amram Adar, the integration is a bold step towards sustainability.

The integration of VET for tap payments on Oobit solidifies our mission in reshaping how we interact with digital assets. This partnership signifies more than a technological integration; it’s a bold step towards a future where every transaction contributes to sustainability.

In related news, VeChain recently sealed another collaboration with crypto payments protocol Alchemy Pay (ACH) to make VET available in more than 2 million stores worldwide.

This collaboration effort aims to broaden the use of VET as a payment method, catering to a wider audience and enhancing its accessibility.

Commenting on this collaboration, Sunny Lu stated that the decision is to bolster the rate of adoption and enhance its utility as a means of payment.

The integration of VET into Alchemy Pay’s crypto-payment system is important in further expanding the real-world use cases for VET as a form of payment. By enabling mainstream payment standards like Visa, Mastercard and Paypal using Alchemy Pay, the mainstream adoption of VET will increase by making direct access possible, bypassing the complications of crypto exchanges that can be a barrier for many new users.

At press time, VET was trading at $0.020 after declining by 7% in the last seven days and 10% in the last 30 days. However, its 24-hour trading volume went up by 51%, with $20 million changing hands.