VeChain is a well-known blockchain which is designed for enterprises. VeChain’s network is extremely popular with companies around the world that use VeChain to deploy their decentralized solutions. VET is the native token of VeChain, and it has many use cases. For instance, VET owners can purchase NFTs, get donations, and make payments. Check out the list of the biggest use cases for VeChain and VET.
Key points:
- VET is VeChain’s native currency.
- People can use VET to pay for products, hotels, and NFTs.
- NOWPayments assists businesses in deploying their VET payment gateways.
Use cases
Accept VET payments
First of all, VET is a perfect asset for accepting as payment, and there are several ways one can do it. Perhaps, the easiest and most efficient method of featuring VET payments is NOWPayments, a non-custodial service which presents tools for deploying a VET payment gateway. For example, online businesses can accept VET payments by using plugins which are compatible with PrestaShop, WooCommerce, Magento 2, WHMCS, OpenCart, Zen Cart, Shopify, and Shopware. Brick-and-mortar stores around the world can also benefit from utilizing VET crypto invoices and a convenient virtual Point-of-Sale terminal.
Pay with VET
At the same time, users also can pay with VET for products and services. Since not every company accepts VET as payment, there are several solutions one can utilize. Zeux is an app that helps people to open savings and investment accounts seamlessly, track and monitor spending, and enable payments. By using Zeux, people can easily pay for anything they want with VET and several other cryptocurrencies.
Get VET donations
Payments are not the only thing organizations and individuals can get. There is also an option of receiving VET donations. In fact, there are several options for how to do it. For instance, Twitch streamers can place a crypto donations button on their page. Writers, musicians, artists, and photographers can use a VET payments widget. Twitter, Instagram, Facebook, TikTok influencers can get VeChain donations using a simple link.
Additionally, there is a simple app called Buy Me a Coffee which lets people create a donation link for their fans.
VeChain Enterprise Use Cases
As mentioned above, VeChain is a network built for commercial use. Subsequently, many companies around the world use VeChain to host their decentralized solutions. For example, the streetwear marketplace Deadstock uses NFC tags for each of their products that users can scan with their mobile device to access each product’s unique secured identity data stored on the VeChainThor blockchain. There are many other examples of how VeChain helps companies to streamline their operations and make them more efficient.
Buy NFTs
Since VeChain is a versatile network, it provides infrastructure for deploying decentralized projects, including those in the NFT realm. As a result, there are a plethora of NFT projects available to VET investors. You can check out the full list here. The NFTs deployed on VeChain can be bought using VET. There are also entire VeChain-based NFT marketplaces that let users choose from thousands of amazing NFTs.
Travel with VET
VET also presents its holders with unlimited opportunities for traveling. Travala is one of the largest booking platforms in the world, and it provides its users with a chance to pay for their accommodation with VET. There are more than 2 million options for VET holders to choose from. Moreover, in addition to hotels, VET owners can book flights and pay for tickets with VET. So, if you have VET and dream of going on vacation, Travala can make your dreams come true.
Conclusion
VeChain is an enterprise-focused network with an excellent native cryptocurrency, VET. There are many uses for VET. For instance, NOWPayments helps businesses and individuals to accept VET payments and donations.