NEM (XEM) to Join Forces with Abra and Paytomat

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 14^th 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.

Image courtesy of Marla Mut via Flickr