Rajarshi Mitra
Independent Analyst
- Cryptocurrency travel company Travala.com will add VeChan’s VET as a payment option.
- Users can now use VET to book homes and hotels across the world.
- The partnership is expected to increase the adoption of cryptocurrencies in the travel sector.
- VET/USD bulls stayed in control for the second straight day.
Travala.com, a popular cryptocurrency travel firm, has announced that it will incorporate VeChain’s VET token as a payment option on its platform soon. Users will now be able to use the token to book hotels and homes around the world.
Juan Otero, CEO of Travala.com, said that the company would continue to increase the adoption of digital assets across the travel sector through this partnership. The VeChain Foundation also noted a surge in “consumer appetite for modern payment alternatives and scalable blockchain solutions.”
The VeChain Foundation has partnered with multiple companies in recent times. According to an earlier FXSteet report, the foundation partnered with the accounting and consulting firm Grant Thornton Cyprus to extend blockchain solutions to a variety of untapped industries.
VET/USD daily chart
-637335736467567533.png)
VET/USD went up from $0.01945 to $0.01975, breaking past the SMA 20 curve. Both the MACD and Elliott Oscillator show that the market sentiment of VET/USD is currently bearish.
The price has found healthy support at the following levels – $0.1947 (SMA 20), $0.018 (SMA 50), $0.0172 and $0.0162. On the upside, resistance lies at
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Chainlink social dominance hits six-month peak as LINK extends gains
-637336005550289133_XtraSmall.jpg)
Chainlink social dominance surged to a six-month peak on Friday as LINK holders increased their activity. LINK traders started taking profits, on-chain data trackers show. LINK price added 6% on Friday, extending its gains from mid-week.
Binance helps Taiwan crack a virtual asset money laundering case, BNB sustains above $570
Binance’s Financial Crimes Compliance (FCC) department joined forces with Taiwan’s Ministry of Justice and helped resolve a case of money laundering worth NT$200 million, or $6.2 million.
Bitcoin Weekly Forecast: Is BTC out of the woods? Premium
Bitcoin price shows signs of continuing its uptrend, providing a buying opportunity between $64,580 to $63,095. On-chain metrics forecast a bullish outlook for BTC ahead. If BTC clears $70,000, the chances of resuming the uptrend would skyrocket.
XRP trades steady at $0.50 as Ripple shares plan to expand services in Africa
Ripple hovers close to $0.51 on Friday, above the psychologically important $0.50 level, as traders await the court ruling of the lawsuit against the US Securities and Exchange Commission and amid new commitments from the firm to expand its services in Africa.
Bitcoin: Is BTC out of the woods? Premium
Bitcoin (BTC) price action in the past two days has confirmed the resumption of the bull run. However, BTC needs to clear a few key hurdles before investors can go all-in.