The second big piece of news from VeChain was the partnership with Walmart expanded to its subsidiary, Sam’s Club. Since 2019, PwC and Walmart China have been developing a traceability platform to ensure food safety and afford greater transparency to consumers in China. Walmart will now extend this platform to Sam’s Club’s 26 outlets in China.
VeChain is also increasing awareness via Coinbase. The exchange is rumored to be adding support for 18 assets, including VeChain. While Coinbase didn’t offer details or a timeline, it mentioned VET is in technical and compliance review. Assuming VET passes this check, it could be added to one of the most popular U.S. exchanges.
Typically when a coin gets added to Coinbase, its price sees a boost. We expect the same to happen here.
VeChain is collaborating with some of the biggest names in the world to bring more transparency and traceability across supply chains. And it’s one of the biggest blockchain projects in crypto when it comes to the Chinese market.