- Shopping.io has announced a partnership with VeChain to allow VET holders to buy items at Amazon, Walmart, eBay, and Etsy.
- Purchases with VET for two weeks beginning from 7th July attract a 2 percent discount on all items.
VeChain Foundation and e-commerce platform Shopping.io have partnered to enable VET holders to use their tokens to purchase items on the platform. According to an announcement by Shopping.io, the new partnership kick-started payments with VET on the e-commerce platform from the 9th of July.
VeChain and Shopping.io announce partnership
As stated in the announcement, VET holders can buy everyday items, electronics, and novelty pieces at popular e-commerce websites like Amazon, eBay, Walmart, and Etsy, through Shopping.io.
In addition, holders of VET who use the token to make purchases over two weeks beginning from the 9th of July will receive a 2 percent discount on all items. According to Shopping.io, the partnership with VeChain is one of the company’s moves to collaborate with top cryptocurrencies. In addition, the e-commerce platform intends to partner with more projects that will support its vision of a mainstream crypto future.
At the time of writing, VET is trading at $0.07643. The token has shed 0.0008433 to 1.09 percent in its trading price over the last 24 hours. In addition to the losses, VET has plunged 11.1 percent in the last 7 days and further declined 33.1 percent in the last 30 days.
Speaking on the recent collaboration with Vechain Foundation, the CEO and founder of Shopping.io, Arbel Arif, said:
VeChain is an absolutely huge accomplishment for shopping.io because of their passionate community and longevity in the space. We are excited to see what more the future might bring through this partnership.
Shopping.io is distinct among other shopping platforms as it is the only international crypto on-boarding platform that permits users to pay with their cryptos on different e-commerce websites.
Apart from VET, Shopping.io allows its users to use hundreds of tokens on popular e-commerce platforms. It boasts of two native tokens, which are SPI and GSPI. Using the two tokens for purchases on the platform attracts more discounts.
VeChain Foundation’s recent collaborations
Lately, the VeChain Foundation has been making headlines with various partnerships in the e-commerce space and other sectors. VeChain participated in the Food Safety Summit of the China Animal Health and Food Safety Alliance (CAFA) on 7th July. VeChain acts as the sole public blockchain provider for this alliance.
CAFA operates under the Chinese National Agricultural Science Technology Innovation Alliance, a parastatal. The alliance plans to build a traceable system using blockchain technology. Members of the CAFA will be able to log, share and secure data on the VeChainThor blockchain.
Furthermore, VeChain provides blockchain solutions suitable for different business needs. The Foundation aims to connect blockchain technology to the real world. Since its inception in 2015, the VeChain project has continuously empowered enterprises to expand and achieve value addition.
Also, VeChain operations span internationally across countries like Japan, China, France, Singapore, Italy, Luxembourg, and the United States.