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NEM (XEM) to Join Forces with Abra and Paytomat

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NEM Abra Paytomat partnership

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

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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