- VeChain aims for $20 trillion market by filing V3TR trademark for financial integration.
- The filing aligns with ISO standards and is a strategic move for global impact.
- VeChain’s AA launch and V3TR filing signal major growth and crypto evolution.
A popular crypto trader and VeChain (VET) holder shared an analysis of the crypto reaching $2.4 as the bull price target this cycle. According to the latest charts this analysis still seems to be on track.
Furthermore, VeChain is making a strategic move to align with global financial communication standards. Thus, the project has filed for a V3TR trademark registration. This move signifies VeChain’s intent to bridge the gap between the crypto industry and traditional finance systems.
The pending V3TR trademark has far-reaching implications, positioning VeChain to achieve ISO 20022 compliance, conquer the trillion-dollar payments market, and potentially engage in partnerships with central banks. The global payments industry, projected to reach $20 trillion by 2026 with a 24% annual growth rate, offers VeChain significant opportunities for expansion.
VeChain’s application covers a broad spectrum of financial services, including electronic transfer of digital currency, issuance and redemption of digital or cryptocurrency tokens, and providing digital currency for online communities.
Clearly, VeChain is committed to building efficient blockchain infrastructure across diverse sectors, emphasizing its role in finance, healthcare, and the supply chain. The move to file the V3TR trademark is seen as a key step in VeChain’s evolution within the blockchain space.
Founder Sunny Lu anticipates a busy year for the crypto industry in 2024, expecting progress in crypto regulation and the impact of approved spot Bitcoin Exchange-Traded Funds (ETFs). These developments could pave the way for mass crypto adoption and increased institutional investor participation, addressing challenges related to token utility.
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