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NEM (XEM) to Join Forces with Abra and Paytomat

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NEM Abra Paytomat partnership
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NEM is another one of the rising currencies that are going with the flow in the spirit of the recovering market, which means that XEM is trading in the green while experiencing rises, making it no exception from the rest of the trading coins and tokens. Moreover, NEM team has more to look forward to as it was announced that NEM is going to be added to two different payment services that support cryptocurrencies.

NEM Gets Added to Abra

Abra is known to be one of the most cost-effective digital wallet applications, and getting listed on this payment service provider makes a big deal for any crypto. That is how NEM became a part of a total number of cryptos that are available on Abra digital wallet.

NEM has been added a couple of days ago along with four other currencies, which means that all Abra users will now be able to buy and sell NEM, Monero, Verge, NEO, and Lisk.

Bill Barhydt, CEO of Abra, stated that he felt the need to add more cryptos to the already existing list of cryptocurrencies supported by Abra, as that way cryptocurrencies get more chances of acquiring a mainstream status. At the same time, the visibility of the added coins and tokens gets consequently increased with this case.

Abra stands for one of the most cost-effective ways of keeping, buying and selling cryptos because this digital wallet app doesn’t ask for a deposit. In addition to this case, Abra also takes no charging fees for the trading of the listed digital assets. Altogether, these features make Abra a pretty desirable crypto service provider.

With Abra, all listed coins have, in a way, gained an advantage in oppose to their peers, simply because Abra makes it pretty easy to trade with cryptos, which means that users who are having difficult time finding their way around exchanges, will find Abra pretty easy to use as it is made to be user-friendly ultimately. Simultaneously, NEM, along with other currencies is getting a higher exposure which contributes to the accessibility of the coin.

NEM Joins Hands with Paytomat

Another great addition to NEM team is the most recent tie-up of Paytomat and XEM coin. Although this conjoining means that NEM will get more on its value; Paytomat has even greater interest in NEM and its technology. In case you haven’t heard about Paytomat, it is a payment service provider specialized in dealing with cryptocurrencies.

While NEM is supposed to get a hold of mass adoption with Paytomat, which would consequently increase its value, Paytomat is looking to find a perfect network to support their future ventures. That is how they concluded that NEM makes up for the ideal choice based on what they are looking for in a digital asset.

Paytomat is based in Ukraine with Yurii Olentir as the head of the team. As their CEO, Olentir has stated that Paytomat is looking for a platform that would be able to provide fast processing time along with low fees for every transaction made on the platform. In addition to these features, Paytomat is looking for a platform that has a strong dev team behind it as well as a potential for scalable infrastructure. Yurii Olentir also stated that NEM’s features match all the requirements for the venture Paytomat is planning on going through.

Further on this matter, Paytomat’s CEO claims that he had used XEM coins for paying for his coffee on one occasion. As he said, this assured him that NEM is ready for the mainstream waters. With this joining of forces, Paytomat should become a more functional platform for making fast transactions while NEM will get to enter a new phase of mass adoption.

How is NEM doing at the Current Moment?

NEM (XEM) is following up with the current trend in the market, which means that this coin is being traded in the green against the dollar, along with the majority of other currencies.

Dealing among top 20 cryptos with the ranking of the 14th best currency according to the global coin ranking list, XEM had another rise today, trading up in the green against the dollar by 4.30%.

In addition to this rise, XEM is also going up against BTC, which means that this coin is doing slightly better in the market at the current moment when compared to the “original coin”.

With the latest hike, NEM is going up against BTC by 1.40%, while being traded at the price of 0.42$ per XEM unit. NEM marked its all-time high back at the beginning of January when this currency was dealing around the price of 1.66$ for XEM coin.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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