VeChain is being used as a credit card at 2 million stores — plus VET could be linked to the BNB system

VeChain has produced a number of updates aimed at increasing the use and popularity of its similar VET coin.

VeChain, a distribution network chain initiative, has introduced new cooperation with cryptocurrency online payments Alchemy Pay, allowing consumers can use its VET tokens as purchases including over two million retailers across 70 nations.

The announcement coincided with its addition as a recognized cryptocurrency on the newly unveiled Binance Link 2.0.

VeChain was among the first assets to be handled by the latest Binance Gateway 2.0, which provides a different mechanism to link assets from Bitcoin to the BNB Chain — previously called the Binance Intelligent Network.

And, as if that’s not sufficient, VeChain released a Statement saying that it had entered the Bitcoin Network Association (BIA). This association brings industry leaders together again and funds bitcoin research studies.

Sunny Lu, CEO of VeChain, expressed excitement about just the partnership deal with the BIA.

“By collaborating with this network of premier blockchain systems, we can refer to a process and group solidarity to elevate the sector overall.”

VeChain is a distribution network monitoring platform that incorporates real monitoring with bitcoin data storing. It was founded in 2015. VeChain supports procurement and supply chain tracking services for a wide range of enterprises.

Rather than evidence or confirmation, VeChain employs a solid evidence (PoA) agreement method with 101 supervisor sites and operates by confirming names and credentials.

The latest events had minimal impact on the value of VET, only, with the coin showing a 4-percentage-point rise until reverting to what was before levels and drifting evenly from that. As per TradingView, VET is currently selling at $0.051.