The majority of blockchains tend to have primary use cases. While Ethereum is mostly relevant for the sphere of DeFi, VeChain is a network designed for enterprises. Additionally, the native cryptocurrency of VeChain, VET, is also a highly versatile digital currency that can be used for donations and payments. Influencers that want to receive crypto donations should definitely consider deploying a VET donations gateway. VET donation can help influencers bring down fees and make their donation process private. Influencers can use NOWPayments’ tools for accepting VeChain donations.
- VeChain is a blockchain designed for enterprises.
- VeChain donations are cheap, private, and global.
- NOWPayments provides influencers with tools to accept VET donations.
What is VeChain?
As mentioned before, VeChain is a platform developed for the needs of enterprises that want to integrate decentralized technology. Companies can use VeChain to develop and host decentralized applications which can enhance their operations. VeChain has its own VeChain Thor mainnet, which was launched in 2018. VeChain is used by many notable companies, including Walmart China.
Why do influencers choose VeChain donations?
Many influencers with channels on YouTube, accounts on Instagram, Twitter, and TikTok, all have some kind of a donation option. Yet, quite often, bank fees, which are an inherent part of traditional donation methods, eat into influencers’ donation revenues. Influencers can significantly improve their donation incomes by switching to VET and other cryptocurrencies. VeChain transactions have extremely low fees. On average, when sending a VET transaction, you will not have to pay more than $0.1 in fees. By featuring VET donations, influencers can provide their supporters with a chance to send a donation without wasting a fortune on fees.
The existing donations methods are all inextricably linked to services that require people to disclose their private information. For instance, if you use PayPal to send a donation to your favorite streamer, you instantly expose your name and certain financial details. Cryptocurrencies provide people with an opportunity to send donations which are private and anonymous. To send a VET transaction, people do not need to undergo authorization or identity verification. So, if an influencer decides to present their audience with a VeChain donation gateway, their fans will be more than happy with a chance to make private donations without disclosing their personal info.
VET donations are also a perfect solution for influencers who have fans from all over the world. The existing donation methods often have geographic limitations, preventing many people from actually using donation services. For instance, not all people can register a PayPal account. Cryptocurrencies, including VeChain, are truly borderless, which means that VET transactions get processed instantly, no matter where the two parties to the transaction live. By using VeChain, influencers can get donations from suppers from different parts of the planet.
So… how to accept VET?
Influencers can accept VET using several tools. For example, Twitch streamers can use a crypto donations button which instantly makes the process of sending crypto donations seamless.
People who have their own websites or blogs, including musicians, artists, writers, and many others, can deploy a VET payments widget.
Those who are popular on Instagram, YouTube, Twitter, TikTok, and other platforms can receive VeChain donations using a link.
NOWPayments is a non-custodial service that does not store the crypto of its clients and makes instant payouts. You can deploy your donation gateway using NOWPayments for free. NOWPayments will charge you only a 0.5% fee per every crypto donation processed.
The VeChain cryptocurrency can be used by influencers as a donation method. VET donations are inexpensive, private, and borderless. Influencers can utilize NOWPayments’ widgets, buttons, and links to accept VET donations.