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VeChain (VET) is securing itself a place at the table with more and more renowned companies.
One of the fastest growing crypto coins of this year is the VeChain (VET). By continuously entering into partnerships with large companies, she is increasingly bridging the gap between traditional business and the decentralized economy by using Blockchain solutions.
VeChain (VET) partners with Grant Thornton Blockchain Cyprus
The partnership allows VeChain (VET) offer its identification technology via Blockchain to Grant Thornton’s clients. This means that the ‘Chinese Ethereum’ will have access to a network of large companies in 135 countries and, together with Grant Thornton, will be able to offer them its products. This means that the technology behind this crypto coin is once again gaining a world-renowned name for a collaboration.
Important partnerships and customers are strung together
The collaboration with Grant Thornton marks the second partnership in August. Earlier this month, a partnership with Oxford University was announced. They will jointly develop an evaluation framework for Blockchain consensus protocols.
Product development is also not standing still. Earlier this month, for example, a Blockchain solution for food safety was announced and collaborations were made with major partners such as De Cecco (pasta producer) and Color Line (shipping company). As a result, the Blockchain solutions from VeChain are leading in more and more sectors.
What does this mean for the exchange rate of the currency?
Naturally, investors can appreciate the company’s successes. Since January 1 of this year, the exchange rate of the currency has risen by 249.5%. However, the share price declined last week and even today the share price does not (yet) respond to the announcement of the latest partnership. Because of this, the price is at the time of writing.
Invest yourself in VeChain (VET)?
Of course it is important to always do your own research. It is clear that the purchase price of the coin, which is currently around € 0.015, is interesting to get acquainted with investing in VeChain and crypto, even with smaller budgets. At crypto exchanges Bitvavo (recommended choice for visitors from EU countries) and Binance you can easily and cheaply Vechain (VET) buy and trade.
Are you curious about the performance of other crypto coins? Then take a look at our overview of live crypto quotes for Bitcoin and Altcoins.