We’re excited to introduced that XEM, the native foreign money of NEM blockchain operated by non-profit group NEM Foundation, will probably be obtainable on Pundi X cost platform from July 1, 2019. The workforce can be within the progress of integrating Mosaic token assist on its Open Platform.

“Our mission of constructing cryptocurrencies and blockchain know-how extra accessible has taken a large step ahead with this implementation,” stated Zac Cheah, Co-Founder and CEO of Pundi X. “We stay up for seeing how NEM blockchain builders will broaden the use instances of their tokens once they join with Open Platform within the close to future.”

XEM will grow to be one of many cost choices on Pundi X’s world ecosystem. This consists of retailers geared up with the XPOS, the primary blockchain-based point-of-sale gadget that’s at the moment current in over 25 nations; the XWallet cellular app, which has over 200,000 registered customers; and the XPASS card, which permits customers to transact with their crypto belongings on a bodily card.

“We’re excited to work with Pundi X in widening our neighborhood of builders to broaden the standard of their tokens,” stated Alexandra Tinsman, President of the NEM.io Basis. “Pundi X’s mission to make blockchain know-how have a profound affect on folks’s lives is one which we consider in.”

Expanded use instances

NEM is the developer of XEM, considered one of prime 20 cryptocurrencies on this planet by market capitalization. With the mixing of the NEM blockchain into the Pundi X ecosystem, XEM joins different outstanding cryptocurrencies similar to BTC, ETH, BNB, KCS, KNC, and Pundi X’s personal token, the NPXS, as a cost choice that can be utilized in XPOS units, XPASS playing cards, and XWallets world wide.

Within the close to future, different tokens developed on the NEM blockchain can be a part of XEM later by signing up with Open Platform, which Pundi X launched not too long ago in Could for blockchain builders who wish to be a part of its world cost ecosystem. Except for NEM blockchain tokens, Open Platform additionally helps ERC 20 tokens in addition to BEP2 tokens.

“With increasingly tokens being supported by Open Platform, we count on our XPOS units, XPASS playing cards, and XWallet app will introduce the widest number of main cryptocurrencies to people everywhere in the world,” stated Cheah.

About NEM

Established in 2015, NEM goals to combine blockchain know-how into many use instances on the enterprise degree. By way of its sensible asset system, purchasers adopting the NEM blockchain can customise the platform as they see match. NEM has repeatedly rolled out updates to enhance the performance of its blockchain, having not too long ago launched the Catapult replace earlier this yr.

For extra data, please go to https://nem.io.

We empower blockchain builders and token holders to transact digital belongings and companies at any bodily retailer on this planet. Telegram: http://t.me/pundix

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