As the world becomes more digital, merchants are always searching for new ways to accept payments and improve their business processes. One platform that has been making waves in the merchant industry is vechain. Vechain is a layer-one blockchain platform that focuses on leveraging Distributed Ledger Technology to enable global sustainability objectives, enhance supply chain management and drive digital transformation through the global economy. More recently, it has acquired new functionalities within payment processing. This article will explore recent developments in vechain’s technologies and explain how merchants can accept vechain payments using NOWPayments.
Introduction to Vechain
Vechain is a blockchain platform that was launched in 2015. The platform was originally designed to track products and ensure their authenticity, but it has since evolved to include payment processing. Vechain uses a unique two-token system: Vechain Token (VET) and VechainThor Energy (VTHO). VET is used to represent ownership of the Vechain platform, while VTHO is used to pay for transactions on the platform.
Vechain has gained popularity in the merchant industry because it provides a secure and transparent way to track products throughout the supply chain. The platform can help merchants to improve their inventory management, reduce fraud, and increase customer trust. Additionally, Vechain’s payment processing capabilities make it a versatile platform that can be used for a variety of transactions.
Recent Developments in Vechain Technology
Vechain has been making significant strides in recent years to improve its technology and expand its capabilities. One of the most notable developments is the release of Vechain’s Whitepaper 3.0. The whitepaper outlines the platform’s vision for the future and includes a roadmap for meeting global sustainability goals in close collaboration with global authority in ESG, Boston Consulting Group.
The whitepaper emphasizes Vechain’s commitment to sustainability, its focus on creating more efficient and transparent supply chains, and offering developers a robust Web3 platform to build dApps.
Vechain has also launched VeWallet — a self-custody wallet for exploring web3 applications built on VechainThor, providing users with complete control over their digital assets.
Another significant development in Vechain technology is the launch of VORJ, a “Web3-as-a-Service” platform. VORJ offers a ‘click-configure-deploy’ interface, which simplifies the building process for developers and businesses, enabling them to deploy tokens, NFTs, and smart contracts with ease, without requiring technical expertise.
Vechain Introducing… Whitepaper 3.0
The world is currently facing numerous sustainability challenges, and the need for a system that can promote trust, transparency, and accountability has never been greater. This is why Vechain has proposed a new paradigm, one that leverages cutting-edge technology and digital innovation to benefit everyone, not just a select few.
Vechain’s Whitepaper 3.0 outlines the company’s vision for a Web3 era, where physical and digital worlds merge to create a more sustainable and equitable future. The paper highlights the importance of “Ownability,” where individuals maintain ownership of their personal data and control its use. Vechain believes that this will be a key factor in building trust and promoting participation in interconnected ecosystems, where every action is accounted for, and its impact is multiplied to benefit all.
Vechain’s Blockchain Biosphere for Sustainability is a safe, transparent system that promotes trust and accountability through blockchain technology. The company’s approach to sustainability solutions is focused on quantifying the impact of discrete actions, ensuring individuals maintain ownership of their personal data, and providing secure, trustworthy, and transparent transfer of information and services.
The Vechain Whitepaper 3.0 is a blueprint for a more sustainable, inclusive, and equitable world. The company’s focus on long-term viability, collaboration, and innovation is set to shape society in ways yet to be imagined.
VeWorld by Vechain Foundation
Vechain Foundation, a leading blockchain platform focused on enabling enterprise solutions, has announced the beta release of its self-custody crypto wallet, VeWorld. With this release, users can now explore web3 applications built on the VechainThor blockchain in a secure and user-friendly manner.
VeWorld provides users with complete control over their digital assets by allowing them to manage and own their Vechain digital assets. The wallet also enables users to connect their hardware wallets for increased security. By doing so, users can be assured that their crypto is safe and secure, as they own and manage their private keys.
The wallet’s innovative dApp interface enables users to browse and connect to their favorite dApps in a secure manner. With VeWorld, users can explore the world of innovative NFT use cases, decentralized finance, and more. They can also sign transactions and digital certificates anywhere and anytime.
VeWorld is developed and maintained by the Vechain Foundation, making it a truly decentralized self-custody wallet with no lock-in. Users can import their accounts with a mnemonic phrase and start using the state-of-the-art wallet, experiencing web3 built on the most sustainable blockchain in the world.
VeWorld wallet is compatible with Ledger devices, making it ultra-secure. Users can connect their Ledger devices to VeWorld and start using their crypto assets with ease.
The user-friendly interface of VeWorld makes managing crypto assets simple. Users can send and receive VechainThor-based crypto assets with ease. They can also create a new wallet or import an existing wallet, making importing and managing their wallet easier than ever before.
VORJ: The ‘Web3-as-a-Service’ Platform
Vechain has launched VORJ, a no-code ‘Web3-as-a-Service’ platform that simplifies blockchain development and aims to remove barriers to mass adoption. VORJ allows developers and businesses to deploy tokens, NFTs, and smart contracts with ease through a ‘click-configure-deploy’ interface, regardless of their technical expertise. It aligns with Ethereum standards, enabling applications deployed on Vechain to be integrated with popular blockchains, and plays a significant role in Vechain’s technical roadmap and adoption strategy.
VORJ has been designed to address real-world needs and solve adoption hurdles, with Vechain’s track record of delivering tools that address these issues. The VechainThor public blockchain, with its proven, scalable capabilities, has already demonstrated its potential to address real-world digital transformation needs with economically beneficial solutions. VORJ is the next step in Vechain’s journey towards fulfilling its role in the future multi-trillion-dollar blockchain-powered digital economy.
VORJ is a game-changer that is poised to make blockchain technology more accessible and less intimidating to developers and businesses. With VORJ, anyone can deploy digital assets on the VechainThor public blockchain with ease, opening up a world of opportunities for the blockchain industry.
Understanding VET payments
VET payments are transactions that are processed using the Vechain platform. VET is used to represent ownership of the Vechain platform, while VTHO is used to pay for transactions on the platform. Merchants who accept VET payments can benefit from the platform’s secure and transparent payment processing capabilities.
One of the benefits of VET payments is that they are processed quickly and securely. Because transactions are processed on the Vechain blockchain, they are virtually impossible to hack or manipulate. Additionally, VET payments are transparent, which means that both the merchant and the customer can track the transaction in real-time.
How to accept Vechain payments using NOWPayments: Easy Steps
Merchants who want to accept Vechain payments can do so using NOWPayments, a payment processing platform that supports a wide range of cryptocurrencies, including VET. To accept Vechain payments using NOWPayments, merchants can follow these easy steps:
- Create an account on NOWPayments and navigate to the “Settings” page.
- Add your Vechain wallet and select “Vechain” from the list of supported cryptocurrencies.
- Create the API key
- Enter the amount of VET you want to receive and click “Generate Payment” to generate a payment link.
- Share the payment link with your customers, who can then use their VET wallet to complete the transaction.
- Once the transaction is complete, the funds will be transferred to your wallet.
Future of Vechain in the merchant industry
The future of Vechain in the merchant industry looks bright. The platform’s payment processing capabilities make it a versatile platform that can be used for a variety of transactions. Additionally, Vechain’s focus on sustainability and creating valuable transactions makes it an attractive platform for merchants who want to improve their business processes.
As Vechain continues to develop new features and expand its capabilities, it is likely that more merchants will begin to accept VET payments. This could lead to a wider range of use cases for the platform and could ultimately benefit both merchants and customers.
Conclusion
Vechain is a blockchain platform that has been making waves in the merchant industry. The platform’s payment processing capabilities and focus on supply chain transparency make it a versatile platform that can be used for a variety of transactions. Recent developments in Vechain technology, such as the release of Whitepaper 3.0 and the launch of VORJ, suggest that the platform is committed to creating value for its users and promoting sustainability. Merchants who want to accept VET payments can do so using NOWPayments, a payment processing platform that supports a wide range of cryptocurrencies. As Vechain continues to develop new features and expand its capabilities, it is likely that more merchants will begin to accept VET payments, which could ultimately benefit both merchants and customers.