- VeChain (VET) on course for mass adoption
- 190 million users of Apple Pay and Samsung Pay can purchase with VET on Zeus app
VeChain (VET), the 26th largest cryptocurrency by market cap has got a new means to get the needed exposure to impact the world as it recently announced an integration with Zeus, a London based FinTech, which will open doors for its holders to pay with VET in all stores that use Apple Pay and Samsung Pay, two large mobile technology companies that have about 191 million users combined on their mobile payment system all over the world.
Zeus announced the listing of VeChain (VET) on its digital payment option via its twitter handle, which will enable users of Zeus App to pay for goods and services in stores that accept Apple Pay and Samsung Pay.
The announcement pointed that VET will be made officially available for payment on the app on May 13, 2019. The update stated that VeChain (VET) is listed purposely to fast-track its global adoption.
Now you can use #Zeux to pay with #VET with our exciting collaboration with #VeChain. Another leap towards #massadoptionhttps://t.co/tiNdKCdlra@vechainofficial @sunshinelu24 @kfeng027 @MikeZhuang @frankjzhou @Sarah_Nabaa @VechainThorCom @Vechain1 #vechain #vet #zeux
— Zeux (@ZeuxApp) May 6, 2019
VeChain (VET) also captioned Zeus’s tweet about the listing in order to properly get its followers and investors informed about the latest development.
Thanks for the integration and now VET holders can use their VET to pay at all stores using Apple Pay representing approximately 140mm global users in 2018 and Samsung Pay representing 51mm global users in 2018 via #Zeuxapp. (User Data according to Juniper Research). https://t.co/tIWwWn27eC
— VeChain Foundation (@vechainofficial) May 6, 2019
The Chief Strategy Officer of VeChain Foundation, Mike Zhuang, displayed his excitement on the collaboration by saying that VeChain is ever ready to add more utilities to VET’s portfolio, stressing that the listing with Zeus brings the digital asset closer to its goal.
Zeus is made for both centralised and decentralised currencies, making digital banking fast and easily accessible, and also aiding global adoption of cryptocurrencies.
Apple Pay has a very large user-base with about 140 million users globally while Samsung Pay has lesser but voluminous users of about 51 million all over the world.
The integration will obviously boost the trust level of VeChain (VET) before the business world, which is expected to enhance the development of the growing cryptocurrency, and subsequently impact its ranking in the crypto market.
How Samsung Pay and Apple Pay work and where they can be used
Samsung, a South Korean electronics company that is well-known for its mobile devices, yearns to replace the majorly used plastic cards with its mobile transaction system named Samsung Pay.
Samsung Pay has garnered valuable popularity due to its user-friendly features which makes it acceptable in almost all stores globally. It also excels in stores with magnetic-stripe point-of-sale terminals where dealers need not update hardware.
According to Samsung, its invented system is able to function perfectly with almost all point-of-sale (POS) systems but with models that request for card slotting which are likely to be seen in Automated Teller Machines (ATMs) and gas stations.
However, Apple, an American multinational technology company, has a mobile payments service branded as Apple Pay. It has been in existence since October 2014, and made specifically to work with series of iPhone products, with a number of users in about 30 countries including United States, United Kingdom and China, making payments of goods and services easy in merchant stores with the aid of in-built NFC chip.
Like Samsung Pay, one of Apple’s objectives is to replace plastic cards wallet with Apple Pay. The one-step payment system created to make the use of debit or credit cards unnecessary while paying for goods and services in designated stores.
In conclusion, VeChain (VET) will gain a lot as the collaboration will indeed expose the cryptocurrency to the wide range of users of Apple and Samsung all over the world, which would push it ahead of other digital currencies in the crypto market.