- VeChain seeks to integrate the cryptocurrency industry into the traditional financial system through the V3TR brand.
- The registration of V3TR positions VeChain as a key player in digital currency transfers and crypto trading.
VeChain (VET) has begun to align itself with global financial communication standards by applying to register the V3TR trademark. This strategic move not only seeks to integrate the cryptocurrency industry into the traditional financial system, but also positions VeChain as a key player in the digital payments landscape.
Commitment to ISO 20022 Compliance and Market Expansion
The V3TR trademark registration application has considerable implications for VeChain, as it places it in a strategic position in the digital currency transfer and cryptocurrency trading market. In addition, this move targets compliance with ISO 20022 standards, a crucial step for its integration into the global financial system.
Competitive Advantage and Potential for Partnerships with Central Banks
VeChain’s proactive initiative gives it a competitive advantage in seeking partnerships with Central Banks. VeChain‘s broad brand application coverage in financial services related to the electronic transfer of digital currency positions it as a key contender in the evolving financial landscape.
Blockchain Infrastructure Development and Commitment to Security
In addition to complying with ISO 20022 standards, VeChain is working on building an efficient blockchain infrastructure for various sectors, including finance, healthcare and supply chain. The recent launch of Account Abstraction (AA) demonstrates its commitment to security and user experience in the blockchain ecosystem.
2024 Outlook and Market Performance
Sunny Lu, founder of VeChain, anticipates a promising year for the cryptocurrency industry in 2024. VeChain, with a remarkable 52% increase in price over the past seven days and a three-month return of 115%, is well positioned for continued growth.
Despite the price decline in the last 24 hours, analysts project a potential price target of $0.125152 by December 31, 2024. VeChain’s recent strategic moves strengthen its relevance in the global financial landscape and blockchain technology.
It is currently trading at $0.04548
