The Freewallet team is glad to announce that VET Wallet for the VeChain cryptocurrency is now live on the Crypto Wallet for the web, iOS and Android. The VeChain project is going to improve the supply chain industry and is already supported by big industry giants.
What is VeChain?
VeChain is a blockchain project aimed at managing the data of goods in supply chains. It was launched in 2016 with the goal of making tracking supply chains more transparent and solving the counterfeit problem. The platform has already been tested by several companies such as H&M and D.I.G. and signed important partnerships with BMW, DB Schenker, PWC, etc.
Why so much hype?
VeChain is a project that shows the real benefit of using the blockchain, and the high demand from big players like BMW and H&M is a testament to this fact. The problem of counterfeit products is growing and affects a brand’s reputation, the customer’s satisfaction, and the company’s revenue.
According to a report by ICC, the total value of fake products will be between $1.9 and $2.3 trillion by 2022. Aimed at solving the counterfeit issue, VeChain provides users with a tool capable of tracking supply chains via the blockchain. We at Freewallet are glad to support such projects helping to revolutionize various industries and drive blockchain and cryptocurrency adoption.
VET at Freewallet
Here’s what you can do with VET coin on our Freewallet: Crypto Wallet:
- Deposit, receive and send VET to almost any altcoin address
- Exchange VET to 30+ cryptocurrencies right in the wallet
- Enjoy absolutely free transactions between Freewallet users
- Track the exchange rate of VET and your balance in fiat currencies.
- Protect your coins with enhanced security features.
About Freewallet
Freewallet is a cryptocurrency wallet with built-in exchange for the web, iOS and Android devices. It supports more than 25 cryptocurrencies including Bitcoin, Ethereum, Litecoin, Dogecoin, Monero, and Bytecoin. With over 3 million customers around the globe, Freewallet was recognized as the third most popular crypto wallet for Android.