Home / Analysis / The massive gain of VET Reason: New Partnership With Walmart China

The massive gain of VET Reason: New Partnership With Walmart China

VeChain value is gaining enormous bullish momentum in the cryptocurrency market. The supply chain and blockchain focused virtual currency’s value is increasing by 37.43%, which is huge and very good for the cryptocurrency’s position in the market. The cryptocurrency community and experts are thinking that the increasing value of the currency is caused by the new partnership developing between VET and Walmart China, a big retail firm.

On the other hand, the Senior Director of Emerging Technology Labs at PwC, Tom Forth has also posted on his LinkedIn that the VET’s blockchain based infrastructure will help Walmart to track on food’s selling and PwC will take the auditing job.

A report published in Chinanews has stated that the first batch of 23 products of Walmart has been examined and then it will be introduced on platform. The aim of Walmart and the new alliances to introduce 100 new food items on the traceable blockchain system powered by VeChain.

Current Status of VeChain (VET): Currently, the VeChain is trading at the value of $0.009920 USD and its value is increasing by $37.43%. The market capitalization of the currency is $550,104,484 USD and the 24-hour volume of the currency is $202,177,981 USD. Now we have to see how bullish value the currency will achieve with the partnership with Walmart China.

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About Arushi Dubey

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Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

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