VeChain (VET) has announced a partnership with mobile payment app Oobit, allowing VET holders to use the cryptocurrency for payments at over 100 million retailers worldwide. The integration of VET into Oobit's platform is part of VeChain's commitment to environmental, social, and governance (ESG) initiatives. The collaboration aligns with VeChain's 'Blockchain Biosphere' concept, which focuses on using blockchain technology to address sustainability challenges in various industries. Oobit recently secured $25 million in funding to expand its payment ecosystem, and the integration of VET is seen as a bold step towards sustainability. In addition to the Oobit partnership, VeChain has also partnered with crypto payments protocol Alchemy Pay to increase the real-world use cases for VET as a form of payment. Despite price declines in the past month, VET's trading volume remains strong.



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