HomeNewsVeChain Joins Tangem's Wallet Party: New Integration Set for January 2024

VeChain Joins Tangem’s Wallet Party: New Integration Set for January 2024

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  • Tangem Wallet Integrates VeChain: Swiss-based hardware wallet Tangem has announced its plans to support the VeChain network, with integration expected in January 2024.
  • VET and VTHO Experience Significant Growth: The news comes as VeChain’s tokens, VET and VTHO, see substantial increases in value, with VET reaching a ten-month high.

Expanding VeChain’s Accessibility Through Tangem Wallet

Tangem, a popular Swiss-based hardware wallet provider, is set to enhance the VeChain ecosystem’s accessibility by integrating the VeChain network. This move, scheduled for early January 2024, represents a significant expansion of the wallet’s capabilities and broadens the horizons for VeChain holders.

VeChain’s Inclusion in Tangem’s Ecosystem

Tangem’s announcement marks a major step in the growth of the VeChain network. VeChain users will soon have the ability to store and transfer VET tokens using the Tangem Wallet, known for its secure and user-friendly card-shaped hardware wallet design. This integration caters to the needs of over 900,000 VeChain holders and is likely to attract new users to Tangem, which already boasts over one million users.

The decision to support VeChain was driven by community demand. Tangem had received numerous requests from its user base to incorporate VeChain support and had previously indicated in July that VET support was under development. The confirmation of this integration has been eagerly anticipated by both Tangem users and the broader VeChain community.

Potential for Broader VeChain Asset Support

While it is currently unclear whether Tangem’s integration will extend to other VeChain-native assets, it is likely that the wallet will initially support VeChain (VET). There is also expectation for the inclusion of VeChain’s gas token, VeThor (VTHO), although official confirmation regarding this is yet to be made.

VeChain Tokens Witnessing Market Uptrend

The integration news coincides with a significant upturn in the market value of VeChain’s tokens. VET recently achieved a ten-month high, reaching a price point of $0.031 and a market capitalization of $2.1 billion. Simultaneously, VTHO has also seen a notable increase, peaking at $0.003 before a slight retracement. Over the past seven days, VTHO has risen by 26%, positioning it among the top-performing tokens for the period.

This market growth is partly attributed to a wider recovery in the crypto market and VeChain’s recent launch of a new marketplace for node trading. This platform aims to enhance VET rewards and foster a more robust economy within the VeChain ecosystem.

In conclusion, Tangem Wallet’s upcoming integration with VeChain marks a significant milestone in the wallet’s evolution and offers promising prospects for VeChain token holders. As the VeChain ecosystem continues to expand and innovate, its integration with platforms like Tangem underscores the growing interest and adoption of blockchain technology and digital assets.

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Marcel Knobloch
Marcel Knobloch
Marcel is the managing partner of ETHNews and is also known as Collin Brown in the crypto community. He is a seasoned Bitcoin investor who entered the crypto scene during its early stages and has since become a veteran trader in both the cryptocurrency and forex markets. His journey began in 2012 when he made his first investment in Bitcoin, marking the beginning of his deep-rooted passion for blockchain technology and digital assets. With a mission to demystify the intricacies of blockchain for the masses, Marcel endeavors to bring the world of cryptocurrencies closer to everyone. His insightful reports are dedicated to shedding light on the latest developments and innovations within the realms of Bitcoin, Ethereum, Ripple (XRP), IOTA, VeChain, Cardano, Hedera, and numerous other cryptocurrencies. Marcel's in-depth analysis and commitment to providing accessible information make him a trusted source for both novice and experienced crypto enthusiasts. Marcel's academic background includes a Master's Degree in Business Education, which has equipped him with a solid foundation in financial markets and investment strategies. Over the past decade, he has amassed invaluable experience working with various startups across the globe, enriching his knowledge and understanding of the ever-evolving cryptocurrency landscape. With his wealth of expertise and dedication to empowering others with crypto knowledge, Marcel continues to be a driving force in the cryptocurrency community. Business Email: marcel.knobloch@hotmail.com Phone: +49 160 92211628