Vechain Fanghuwang's Its Way Into Financial Sector

Big Vechain (VEN) news breaking out of Medium this morning. Vechain has partnered with Fanghuwang to provide blockchain solutions to its industry.

With that, we are pleased to announce that VeChain has signed a partnership agreement with Beijing Baisheng Technology Co., Ltd to assist one of its subsidiaries Fanghuwang.com to improve overall effectiveness as an online provider of banking financial products.

We are excited to announce that VeChain will partner with Fanghuwang, one of the fastest growing online lending platforms in China with $3.3bn AUM. With this partnership, VeChain Thor solves major problems within one of the largest global industries. https://t.co/2neBmo0yot

— VeChain Foundation (@vechainofficial) January 18, 2018

Fanghuwang (房互网) is a real estate mortgage platform for small and medium-sized enterprises.

The use cases for VeChain Thor within the financial services sector are abundant, and VeChain has grand aspirations to make financial services sector one of our main focuses on our development plan. We welcome all reputable financial services enterprises; such as commercial banks, investment banks, insurance, asset management companies, lending companies, etc. to join hands with VeChain and create real-life applications to real-life problems so that we can all better serve our customers and communities.

This is a big mark in Vechain's development as a company. As their first foray into the financial sector, Vechain is primed for huge gains in the coming weeks. There is still announcements regarding VEN that are upcoming, so it is a safe assumption that VEN value will slowly rise over the next month.