VeWorld, the innovative self-custody wallet for the VeChainThor blockchain, has integrated Apple Pay into its payment options thanks to a strategic partnership with the on-ramp provider, Transak. This integration marks a significant milestone in enhancing the wallet’s functionality and user-friendliness.
VeWorld expands payment options
The VeChain wallet VeWorld allows users to securely store and manage VET, VTHO and a variety of VeChainThor-based tokens (VIP180). The non-custodial wallet also boasts advanced features such as fee delegation, which allows certain transaction fees to be covered by third parties, and seamless integration with Ledger hardware wallets for added security.
With the addition of Apple Pay via the Transak partnership, VeWorld users now have more payment methods for purchasing cryptocurrencies, including Coinbase Pay and several traditional payment gateways.
Apple Pay, which boasts over 640 million users globally, offers a trusted and efficient payment solution. Meanwhile, Transak’s Web3 payments infrastructure supports over 5 million users across 160 countries, underscoring its capability and reach.
Reacting to the development, Fabio Fabbrucci, Product Manager at VeWorld, commented, “Integrating Transak’s Apple Pay functionality aligns with our mission to enhance user experience. This collaboration marks a major advancement in providing accessibility and ease for our users.”
In other words, the positive development is set to further solidify VeWorld’s position as a leading self-custody wallet in the blockchain space, providing users with the tools they need to manage their assets securely and conveniently.
The co-founder and CEO of Transak also remarked in a statement, “Our collaboration with VeWorld demonstrates Transak’s commitment to providing seamless and secure on-ramp solutions for leading blockchain ecosystems.”
Accordingly, VeWorld users can access Transak’s services through the wallet’s iOS app, Android app, and desktop browser extensions, providing a comprehensive and versatile platform for managing their digital assets.
Start added that the strategic partnership is expected to drive the growth of the enterprise-grade layer 1 blockchain VeChain by making its ecosystem more accessible and user-friendly for the broader crypto community.
In March 2024, VeChain joined ties with Oobit, a mobile payment app that enables individuals to make payments with cryptocurrencies. Thanks to the collaboration, its native token VET can now be used by individuals to pay for products in-store at over 100 million retailers across the globe where Visa and Mastercard are accepted, via mobile near-field communication (NFC) technology.
VET is trading at $0.029 at the time of writing, down over 4% and 2% in the past seven days and 24 hours, respectively. Regardless of its short-term bearish outlook, VET has been projected to reach $1.8 in the looming crypto bull run.
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