Hassan Maishera
The VeChain team announced via a blog post on Wednesday that it has entered into a strategic partnership with Oobit, a cryptocurrency payment platform. The partnership will lead to the integration of VET into Oobit’s Tap & Pay feature.
Thus, allowing users to leverage digital assets for everyday transactions, contributing directly to VeChain’s environmental, social, and governance (ESG) initiatives. The initial launch of Oobit’s Tap & Pay feature will cover Europe, starting with Android users, the team added.
VeChain Thor (VET) is a blockchain with the posited goal of solving real-world economic problems. VeChain leverages the Proof of Authority (PoA) consensus mechanism. PoA is a Byzantine Fault Tolerant probabilistic consensus mechanism based on HotStuff, which relies on Authority Masternodes (AM) associated with verified identities. VET is up by 7% so far today and is currently trading at $0.04728.
