According to a press release on 13th August 2021, VeChain, the leading enterprise blockchain platform, has partnered with a crypto asset payment processor, Simplex, to give the digital token VET a new exposure to new users.
The new partnership will make VeChain (VET) readily available for purchase using credit and debit cards, Simplex Banking wire transfers, and the Apple Pay digital instruments of iOS-powered devices.
Why This Is Huge For VeChain (VET)
The new development has been seen as a milestone for VeChain (VET) in terms of gaining further exposure.
It is worth noting that Simplex has managed to develop a unique instrument for the conversion of cryptocurrency to fiat and transfer with over 50 national currencies. It has also incorporated over 90 digital tokens.
Additionally, VeChain (VET) will be able to leverage a large network of partners created by Simplex. According to the report, it has relatively 350 integrations globally, with Binance, Huobi, and BitPay already on board.
Moreover, digital currencies can be purchased on Simplex using a variety of payment methods, such as Visa, Mastercard, Apple Pay, SWIFT, SEPA, among others, which are expected to give the digital token VET the needed exposure.