VeChain has finalized the terms of a strategic partnership with BitOcean. The deal which was announced in Dec 2017 by VeChain through Medium has finally been finalized.
Through this partnership, VeChain’s token (VET Token) can be traded through BitOcean’s physical ATM, which are present Nationwide across Japan and BitOcean would also help in growing VeChain alongside BitOcean’s global expansion.
BitOcean’s ICO has also been approved by the Financial Service Authority (FSA) of Japan. Read more about that here.
According to Medium post:
VeChain’s special advisor, Nan Ning, who is the CEO of BitOcean China, has been instrumental in the development of VeChain’s model to make VeChain widely adoptable across governmental bodies. His experience with Bitcoin ATMs and BitOcean’s licensing with Japan’s FSA are highly valued across the industry.
Nan Ning has worked tirelessly to drive BitOcean’s growth and his accomplishments have made him one of the most influential cryptocurrency professionals in the world.
As Chinese regulations become more transparent, BitOcean will also support VeChain’s development of the world’s first blockchain powered exchange, as an advisor.
VeChain’s solution is currently designed to handle physical goods’ trading via CNY both digitally and through VeChain token in person.
By looking at the above post, it’s clear that VeChain is on a good path. This week has been terrible for VeChain but analyst & the Reddit community predict that this will be a big year for VeChain.
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