Back to News

VeChain Enters into a Strategic Partnership with Oobit

Twitter icon  •  Published vor 1 Monat  •  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 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.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.