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Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing

This VeChain Partnership Will Enable VET Holders To Buy On Ebay, Amazon And Others

Reynaldo Marquez
Reynaldo Marquez
4 years ago
2 mins read
VeChain VET VETUSDT

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The VeChain Foundation has announced a partnership with Shopping.io, an e-commerce platform of international scope that has been integrating crypto payments. From today July 9th, consumers can use VET tokens to purchase at Amazon, eBay, Walmart, and Etsy.

In addition, VET holders can benefit from a 2% discount on all items, from electronics, novelty, everyday items, and more. The discount will be available for the next two weeks as of today. Arbel Arif, founder, and CEO of Shopping.io said the following on its cooperation with VeChain.

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.

This crypto onboarding platform is amongst the few that allow its users to take their cryptocurrencies for online shopping. In addition to VET, Shopping.io offers its consumers “hundreds of different tokens”.

The platform has two native tokens of its own called $SPI and $GSPI. This can use while purchasing to receive further discounts. According to an official post, the company:

(…) believe in the power of absolute freedom when it comes to E-commerce and changing the industry for the better, forever. One purchase at a time.

Another ecosystem partner! #VET is expanding utility across more platforms! https://t.co/c9O7NQXTTm

— vechain (@vechainofficial) July 9, 2021

VeChain (VET) Makes Its Way To The High Table As It Gains More Relevance In China

The VeChain foundation has been announcing important partnerships recently. This included e-commerce, environmental, and other sectors. The organization was part of the Food Safety Summit of the China Animal Health and Food Safety Alliance (CAFA) on July 7, 2021.

This organization is composed of some of the biggest names in the sector, such as Starbucks, Unilever China, Mars China, YumChina, and Cargill, and many more as seen below.

VeChain VET VETUSDT
Members of the China Animal Health and Food Safety Alliance (CAFA). Source: VeChain Foundation

VeChain is the sole public blockchain provider for this alliance. During the Summit, the foundation addressed:

(…) the radical potential of agricultural traceability to connect and transform the entire value chain, from producers to customers & gov bodies.

CAFA operates directly under the government institution called the Chinese National Agricultural Science Technology Innovation Alliance. Founded by the Ministry of Agriculture of the People’s Republic of China, VeChain’s participation in the summit goes to show the importance of this platform in the Asian Giant.

The alliance has set out to build a traceable system by leveraging blockchain technology. The members of this initiative will be able to log, share, and secure data on the blockchain VeChainThor. Thus, increasing the trust between the end consumers and the companies.

At the time of writing, VET trades at $0,07 and has been following the general sentiment in the market. Therefore, it records important losses in the 7-day (-11-1%) and 30-day (-33.1%) chart.

VeChain VET VETUSDT
VET on a downtrend in the daily chart. Source: VETUSDT Tradingview
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Reynaldo Marquez
Reynaldo Marquez

Reynaldo Marquez

A literature major, Reynaldo Márquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide.
In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride.
He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times.
In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson’s ‘Neuromancer.’ The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau’s ‘Civil Disobedience.’
But that’s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term.
In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry.
Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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