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September 20, 2020
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BMW and Walmart China are constantly buying VeChain tokens Blocksats

Sunny Lu, CEO of VeChain, said that BMW, Walmart China and leading audit companies are constantly buying VET tokens to be able to use the project blockchain at all.

Giants are buying VeChain tokens

Sunny, during an interview on YouTube, was asked if companies such as BMW, Walmart China, Deloitte and PwC use the VeChain digital token to pay with it whenever they want to use the platform solutions offered

The answer is simple: yes … because as long as they want to have smart contracts … they must somehow use the token to pay for the price of gas Sunny Lu replied. – After all, they must use the token to pay for the price of gas, and eventually they must use the token to cover the costs associated with the full use of the blockchain platform – added.

Buying tokens by giants is apparently hampered by legal issues.

Given the current … global situation regarding the regulation of cryptocurrencies regarding tokens or digital currencies … we have a unique function, which we call the “feed”. It aims to enable service providers to help various companies perform this kind of cryptocurrency-related tasks, which really makes it easier [faktyczne użycie tokenów przez duże podmioty] He explained.

He added that companies cannot legally have any cryptocurrency due to accounting principles.

“From a legal point of view of accounting principles, you cannot own any cryptocurrency”

He noted.

So how is this ban bypassed?

“So you can ask me to be a sponsor who will pay [za gas], (…) I am a service provider for you, and together we can settle offline “

– added.

Deloitte jumped from Ethereum to VeChain

He also said that Deloitte has moved from Ethereum to VeChain and started designing technologies for its clients that will be based on the VeChain blockchain because VeChain “Is more business-friendly”.

He claims that the success of the project lies in contact with the market and the fact that he himself interviewed dozens of companies from Fortune 500 and Fortune 1000 about what they need and what problem they want to solve using blockchain technology.

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