On April 12, CNF reported the release of the Stella Pay Visa Card for VeBetter DAO users.
The visa card allows users to spend B3TR, the reward token granted to those who engage in sustainable actions and actively participate in the VeBetter DAO platform. Besides B3TR, the card supports VET, the native currency of the VeChain network used for value transfer and smart contracts, and VTHO, the token that is utilized to pay transaction fees and gas. The Stella Pay card can be used online and offline, and is available in the form of a physical card or can be virtually linked through Apple Pay or Google Wallet, providing a new and convenient crypto payment option.
Real-World Utility for Blockchain Rewards
In an official VeChain X post, the team highlighted the card’s potential: “By pairing B3TR with the Stella Pay Visa card, users can instantly convert blockchain rewards into real-world spending power, from coffee shops and online stores to global travel and everyday purchases.” To accelerate adoption, VeBetter has introduced a limited-time offer. The first 5,000 users to activate a Stella Pay card will receive a 200 $B3TR bonus, automatically deposited into their Stella accounts.
The Stella Pay Visa card is accepted at more than 130 million merchants worldwide, across over 200 countries, giving VeBetter users the ability to spend their crypto like cash, anytime, anywhere. To get started, users simply need to open a Stella Pay Visa card account and complete a one-time $30 activation fee, paid in stablecoins. The VeChain Foundation then transfers B3TR rewards to Stella every month, based on the number of new user sign-ups. Between the 10th and 20th of each month, 200 $B3TR tokens are automatically deposited into each eligible user’s Stella account; no further action is required. According to the VeChain team, this is a limited, one-time reward, and once 5,000 eligible users have received their B3TR, the initiative will conclude.
“Alongside other core technologies like fee delegation and social logins, we’re building infrastructure that feels as intuitive as the internet, but with the benefits and rewards of blockchain,” VeChain concluded its post.
Another major move driving adoption within the VeChain ecosystem is Bybit’s recent listing of VTHO, accompanied by a massive 110,000,000 VTHO prize pool.
The rewards are targeted at new users who register and make deposits between April 17 and May 1. The primary token of VeChain has dropped by 3.29% and 0.84% on its daily and weekly price charts, respectively, now trading at $0.02377. Meanwhile, its trading volume has surged by 88% to $65.36 million, while VTHO has experienced a 55% drop, with its volume sitting at $14.28 million.