- Oobit and VeChain partner, integrating VET for sustainable mobile NFC crypto payments.
- Groundbreaking collaboration for mainstream adoption and positive societal impact.
- Oobit’s Tap & Pay now supports VET, fostering crypto use at 100M+ retailers.
In a significant stride toward mainstream crypto adoption, Oobit, a prominent mobile payment app, has teamed up with VeChain to integrate the VeChain Token (VET) into its platform. This collaboration paves the way for a new era of sustainable everyday payments, aligning with VeChain’s commitment to environmental, social, and governance (ESG) initiatives.
Oobit’s announcement marks the inclusion of VET in its Tap & Pay feature, enabling users to seamlessly incorporate digital assets for their daily transactions. This strategic move not only signifies a technological breakthrough but also underscores a tangible effort to integrate blockchain technology into positive societal impacts.
With 72.7 billion VET out of the total 85.9 billion in circulation, users can now leverage VET for everyday purchases using Oobit’s mobile Near Field Communication (NFC) technology. The partnership coincides with VeChain’s innovative ‘X-2-Earn’ model, introducing VeBetterDAO, a platform rewarding users with $B3TR for engaging with sustainability-focused decentralized applications.
The strategic alliance aligns seamlessly with VeChain’s ‘Blockchain Biosphere’ concept, outlined in the ‘Web3 for Better’ whitepaper. This concept illustrates how blockchain ecosystems can effectively address sustainability challenges across various industries.
Oobit, following a successful Series A funding round securing $25 million, solidifies its position as a pivotal player in advancing cryptocurrency adoption for payments. Notable investors, including Tether and Solana’s Co-founder Anatoly Yakovenko, have supported Oobit’s expansion, making VET the sixth token listed on the platform.
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The initial launch of Oobit’s Tap & Pay feature will commence in Europe, initially catering to Android users. Crypto holders will be able to make payments at over 100 million retailers globally where Visa and Mastercard are accepted, further promoting the practical use of cryptocurrencies in everyday transactions.
VeChain’s integration of VET into everyday payments through Oobit not only promotes mass adoption but also encourages users to actively participate in sustainable crypto technology. This partnership mirrors the global shift toward ESG principles, particularly in regions like Europe, where stringent regulations, such as MiCa, mandate transparency achievable only through blockchain technology.
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