Oobit, a leading mobile payments app, has partnered with VeChain to integrate VET (VeChain Token) into its platform, marking a significant step towards advancing the adoption of cryptocurrencies for sustainable everyday payments. The collaboration aligns with VeChain’s commitment to environmental, social and governance (ESG) initiatives, envisioning a future in which blockchain and digital assets drive sustainable practices across all industries.
With 72.7 billion of the 85.9 billion VET in circulation, VET’s integration into Oobit’s Tap&Pay feature allows users to use it for everyday transactions and directly contribute to VeChain’s ESG commitment. Users using sustainability-focused decentralized applications through VeBetterDAO earn $B3TR, the platform’s reward token, which encourages increased use of VET and VTHO. Using VeChain’s “X-2-Earn” model, VeBetterDAO helps stakeholders, from individuals to large corporations, actively contribute to sustainability efforts.
The initial launch of Oobit’s Tap&Pay feature will cover Europe, starting with Android users. The company’s robust ecosystem allows cryptocurrency holders to use Tap&Pay in more than 100 million retail stores worldwide that accept Visa and Mastercard. By integrating VET into everyday payments through Oobit, VeChain not only promotes mass adoption of cryptocurrencies, but also encourages users to actively participate in sustainable initiatives.
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