VeChain has partnered up with PwC, the auditing giant PricewaterhouseCoopers for a joint business relationship which combined with the upcoming VeChain Mainnet launch is expected to give its prices a boost.
PwC Hong Kong & PwC Singapore acquire ownership interest in VeChain
The world’s fifteenth largest cryptocurrency VeChain has come into partnership with the auditing giant PwC. PricewaterhouseCoopers made an official announcement about buying a minor ownership interest in VeChain as a part of a large strategic partnership.
PwC Hong Kong released a Press Release to make the announcement:
“PwC Hong Kong and PwC Singapore are delighted to announce that they are in a joint business relationship with VeChain Global Technology Holding Limited (“VeChain”), a Blockchain service provider specializing in the Internet of Things (“IoT”), supply chain management and anti-counterfeiting. In connection with this joint business relationship, PwC Hong Kong, and PwC Singapore have each acquired a small ownership interest in VeChain.”
According to the PwC Hong Kong they are in discussions with VeChain in order to offer trust-based services on its platform which will “require the use of VeChain Token to access and perform transactions on the platform.”
By utilizing the blockchain technology, the company aims to offer innovative professional services as further explained by Raymond Chao, the Chairman of PwC Asia Pacific and Greater China:
“We are glad to establish a deeper relationship with VeChain, which aims to build a trusted and distributed business ecosystem to help address long-standing challenges in supply chain management, food trust, and anti-counterfeiting areas. VeChain’s mission aligns with PwC’s purpose of solving important problems and building trust in society.”
VeChain expected to surge & join the crypto bull rally
Recently, with its upcoming Mainnet Release, VeChain has been rebranded to VET which is scheduled for release at the end of June with no set date. Mainnet launch is currently in the trend in the crypto market that is driving the prices of several cryptocurrencies like Tron.
Though the entire cryptocurrency market is experiencing a bull momentum, VeChain price had yet to surge which has now finally started a slight upward trend. With a market cap of over 2.5 billion, VeChain is currently sitting at $5.50 with a gain of 4.44 percent.
In the last month, VeChain has risen from about $2.25 to the current $5.50 which is likely to rise further in the light of this partnership and its upcoming Mainnet launch.
How much do you think VeChain price will rise? Do you think it will reach its January high of $8.30? Share your thoughts with us!