The partnership was announced by the CEO of VeChain, Sunny Lu
As cryptocurrencies capture the market, they draw the attention of a set of large corporations which want to grasp to themselves a piece of general “pie”. Subdividing of Bosch Group, for example, last year enclosed the considerable amount of IOTA tokens. Now news about the cooperation of BMW carmaker with the VeChain company arrived.
At the moment there is not a lot of details of this transaction as it would be desirable, however clearly one – such message for certain positively will affect the VeChain price. The CEO of VeChain, Sunny Lu reported about the partnership.
The fact that rumours about the alleged cooperation of VeChain Thor with BMW concern walked for a long time is interesting, however, any of the sides did not consider necessary to give comments about it. Now investors of VeChain Thor are for certain happy that all these gossips were truthful.
Speculators are sure that to VeChain there can quite be what we watched with Railblocks after renaming into NANO recently, namely – rapid rise of cost of a token already in a couple of days.
In addition to the transaction with BMW, VeChain declared partnership with the University of Oxford which will help them with questions of engineering development of the platform. By the way, this case is signed because for the first time the known university will participate in the operation with a blockchain. Though here it is possible to recall state. the University of Arizona which reported to media in January about the beginning of cooperation with DASH.
On open spaces of most the popular crypto exchanges, the coin of VEN was not renamed into VET, be therefore vigilant! The transition will take some time. Presumably – from 2 to 3 days. Though South Korean Connect already added VeChain Thor on the platform.
Now the cost of one token of VET is estimated at 4,78 US dollars, and its market capitalization makes 2, 271 billion dollars.