- VeChain introduces the trademarks “VOT3” and “B3TR” to improve the efficiency of electronic transfers and expand financial services.
- The VeChain community shows strong commitment, reflecting the potential impact of these innovations on the cryptocurrency market.
VeChain Foundation San Marino S.r.l. has filed a patent application related to two trademarks that could revolutionize financial services.
“VOT3” and “B3TR” Trademarks
The “VOT3” trademark aims to improve the efficiency of electronic transfers and digital currency exchanges. Under this brand, VeChain offers a wide range of financial services, including:
- Electronic transfer of digital currencies.
- Provision of digital currency for online communities.
- Issuance and redemption of digital currency or cryptocurrency tokens.
- Currency and cryptocurrency exchange services using blockchain technology.
- Electronic funds transfer services involving digital currencies.
- Financial information services related to tokens of digital currency or cryptocurrency listed on exchanges.
This proposal presents a comprehensive approach to digital currency transactions, aiming to boost efficiency in the digital financial sector.
“B3TR”: Expanding Financial Service Offerings
The “B3TR” trademark is an extension of “VOT3” and aims to encompass a wide range of financial services, including:
- Electronic transfers.
- Provision of digital currency for online communities.
- Services related to digital currency and cryptocurrency tokens.
“B3TR” consolidates VeChain’s ambition to enrich its portfolio of financial services through innovative blockchain solutions.
VeChain’s Patents and Potential
The VeChain Foundation submitted this patent application in early 2024, and it is currently under review. This represents a significant milestone in the evolution of blockchain-based financial services.
In addition to these trademarks, VeChain has secured a patent in the United States that combines Internet of Things (IoT) devices with blockchain technology, enhancing accuracy and security in the documentation of transport data. This patent is part of VeChain’s broader strategy to enter a $20 trillion payment market, as reported by CNF.
The VeChain community is excited and deeply engaged with these developments. For example, a community member reported a significant increase in Mainnet activity on the VeChainThor blockchain, with the addition of over 1.5 million clauses in a single day, indicating a surge in transactions.
Vechain Market Trends
In the financial markets, VeChain’s token, VET, is trading at approximately $0.02813 Despite a slight decrease of 0.95% in the last day, it has experienced a 4.65% increase in the past week. This reflects the volatile nature of the cryptocurrency market and the potential influence of VeChain’s ongoing innovations.
From a global perspective, VeChain’s “VOT3” and “B3TR” trademarks signify a significant advancement in blockchain-based financial services. These trademarks are not just patents but advancements that could enhance the efficiency and accessibility of cryptocurrencies and blockchain technology worldwide.
