Cryptocurrency ATM Manufacturer BitOcean Planning ICO on the Enterprise-focused Vechain Thor Blockchain

In a speech given at the Vechain Thor re-branding event on Sunday night, Vechain CEO Sunny Lu revealed that BitOcean, a cryptocurrency automated teller machine manufacturer with a presence in both China and Japan, will be using the Vechain blockchain platform to launch its own ICO:

"I'm not going to steal the thunder of BitOcean, but I'm here to announce on behalf of the BitOcean team, the're going to launch their own token project on Vechain Thor.," Lu told the audience.

The surprise announcement further strengthens ties between the two companies. In December of last year, a strategic partnership was signed to bring Vechain's own token, VET, to BitOcean's growing network of ATMs using the Japanese Yen.

While Lu gave no further details on the BitOcean token sale, the ICO is likely to take place in the second half of 2018 as the Vechain Thor blockchain is scheduled to launch in June, 2018.

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