KEY TAKEAWAYS
- VeBetter integrates Stella Pay Visa Card, enabling users to spend $B3TR, $VET, and $VTHO at over 130 million retailers globally.
- VeChain incentivizes Stella Pay adoption by offering 200 B3TR tokens to the first 5,000 new cardholders.
- The $B3TR token empowers users within VeBetterDAO to vote, endorse dApps, and earn rewards for sustainable actions.
- VeBetter plans a bounty contest to encourage creative use of the Stella Pay Visa card, with details forthcoming.
VeBetter, a sustainability app platform powered by the $B3TR token, has announced a significant development in its strategy to promote blockchain adoption. The platform has integrated Stella Pay, a Visa Card that enables users to spend $B3TR, $VET, and $VTHO at over 130 million retailers worldwide. This integration aims to simplify the user experience for those unfamiliar with blockchain technology, allowing them to benefit from its advantages without dealing with technical complexities.
To encourage the adoption of Stella Pay, VeChain has launched a proposal to reward new cardholders with a one-time B3TR incentive. The proposal, which has passed quorum, offers the first 5,000 users who activate a Stella Pay Visa card 200 B3TR tokens. These tokens will be delivered directly to their Stella accounts. Users are required to open a Stella Pay Visa card account and complete a one-time $30 activation fee, payable in stablecoins. The VeChain Foundation will transfer B3TR rewards to Stella each month based on new user sign-ups, with the tokens deposited between the 10th and 20th of each month.
The $B3TR token serves as the governance and incentive token of VeBetterDAO, empowering users to vote, endorse decentralized applications (dApps), and earn rewards by performing sustainable actions within the ecosystem. By pairing B3TR with the Stella Pay Visa card, users can convert blockchain rewards into real-world spending power, applicable at various outlets from coffee shops to global travel.
VeBetter is also planning to announce a bounty contest in the coming weeks, encouraging users to creatively use their Stella Pay Visa card. Details of this contest will be shared on VeChain’s official channels. For more information on the Stella Pay integration and the B3TR incentive, visit the official announcement here.
Why This Matters: Impact, Industry Trends & Expert Insights
VeBetter has integrated the Stella Pay Visa Card to enhance blockchain adoption by allowing users to spend digital assets at over 130 million retailers worldwide. This initiative aims to simplify blockchain technology for everyday users and incentivize adoption through rewards.
Recent industry reports indicate that blockchain payment card adoption is gaining traction through innovative solutions, such as crypto-linked metal payment cards. These developments are bridging crypto payments to mainstream use by integrating technology and consumer behavior. This aligns with VeBetter’s strategy to promote blockchain adoption by simplifying user experiences and offering incentives.
A report from The Paypers highlights the transformative impact of Web 3 payments, emphasizing the role of stablecoins and blockchain networks in reshaping the payments ecosystem. This supports the significance of VeBetter’s integration of Stella Pay Visa Card as it leverages blockchain technology to enhance financial transactions and user engagement.
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