VeChain partners with Walmart, price surges by 30%

25 Jun, 2019 | Updated: 25 Jun, 2019
by Fifi Arisandi
VeChain partners with Walmart, price surges by 30%

A new update just emerged from VeChain (VET). The Shanghai-based blockhain firm is reported to have a partnership with one of the largest retail companies in the US, Walmart.

The news was made public by Tom Foth, a senior director at Price-Waterhouse Cooper (PwC) who posted on LinkedIn just mere hours ago.

“At the Walmart, Vechain, PwC announcement of food safety tracking of foods Walmart sells in China. Vechain is providing the blockchain technology,” Foth posted.

As of writing time, VeChain hasn’t yet made any official announcements, however, CEO Sunny Lu can be seen of posting several tweets related to the partnership.

The partnership’s early announcement seems to have a bullish effect on VET. As of writing time, it sees an impressive gain by 30.7% that brings the price to $0.009.

VETUSD Chart provided by TradingView

The "unofficial announcement" receives various comments from the crypto community, most of which are pretty excited for the upcoming collaboration.

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Read more about: VeChain (VET)


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