Billion-Dollar Tangem Hardware Wallets to Embrace VeChain (VET): Users Get More Crypto Storage Power

• Tangem is reported to be integrating the VeChain network into its wallet to enable users to store and send VET via the platform.

• VeChain and VeChainThor reacted positively with 3.6% and 13% respectively in the last 24 hours. 

According to the latest report, users will soon be able to store and transfer VET via the Tangem wallet. This comes following an announcement that the hardware wallet maker Tangem is planning to provide support for the VeChain network. This is expected to be done in January 2024. 

Vechain is coming. We are thrilled to announce that we have started integrating the Vechain network @vechainofficial. It will be available in early January 2024. We’ll keep you in the loop! pic.twitter.com/lzez8kvfn3— Tangem (@Tangem) December 14, 2023

The integration of VeChain would open VET to the millions of users patronizing the Tandem network. On top of that, Tangem would have the chance to onboard more users. In this context, VET has more than 900,000 holders. According to reports, the average number of users holding new VETs currently stands at 200-250 per hour. A couple of weeks ago, VET added 57,300 addresses to go past the 50,401 addresses recorded in April 2021. 

For some time now, users have constantly demanded that Tangem provide support for the VeChain network. On July 1, Tangem disclosed that VET integration was in development.

VET and AZERO are in development right now. We will make sure to keep our users informed as soon as the release date of new coins becomes available.

For now, no information has been given on whether the Tangem wallet would support other VeChain-native assets. Also, no statement has been issued to confirm the support of the VET network gas token VeThor (VTHO). 

More Initiatives by the VeChain Team 

Recently, VeChain announced an update to its Node Rewards platform, unveiling a marketplace for node transactions. 

New features in the Node Rewards dApp: Instant transfer:Easily and quickly transfer nodes from one address to another. Direct sales: Make a private sale proposal to a specific address, setting sale price and offer duration.

The marketplace would be added as a tab to the Android device for VeWorld, a self-custodian wallet for the VeChain ecosystem. Users would be able to view the current value of their nodes on the marketplace. The platform also shows a lot of auctions on the marketplace with prices fixed between $858 to $48,196. 

VeWorld was launched in February, and was said to be a “gateway to the world of VeChain.” This exists as one of the multiple developments of the VeChain Foundation this year. 

This announcement has triggered a positive price response from VET as the asset surged by 3.6% in the last 24 hours. VET has also surged by 12% in the last seven days to trade at $0.031041. In the past three months, VET has seen a 75.28% growth, adding $0.013332 to the previous price. The current price is also a 10-month high with a market cap of $2,253,265,790. 

VTHO is also trading at $0.002447 after surging by 13.20% in the last 24 hours. This asset has made a 110.35% surge in the last three months, adding $0.001284 to the previous price. Its weekly surge is also 35% with a bullish score of 80/100.