WeChat is the largest and most popular messaging app and social media mobile application software in China with over 980 million monthly active users. It is ususally called China's "App For Everything" because it has a lot of functions and platforms, and is cosidered one of the most powerful apps in the world.
The platform of cryptocurrency NEM, which is designed to deliver industry-leading transaction rates for internal ledgers, created the NEM application on the "WeChat mini app" platform, and now it is in beta online testing.
Clarification Statement on WeChat.
Read more here:https://t.co/rOQlFFh0Yn
— NEM (@NEMofficial) 10 December 2017
NEM Wallet is stated to be the first crypto wallet on WeChat microapps. NEM official has also published a short demonstaration of the how the application works and how it can be used.
The integration of NEM application on WeChat is a next step to boost awareness and adoption of NEM in China which reportedly issued a banning order for the initial offers of coins ICO in the country.
After the news about the integration of NEM with WeChat application appeared the price of NEM surged rising from $0,25 to $0,65 and the market capitalisation rose from $2,2 billion to $6,1 billion.
At the moment of press, these are main market parameters of NEM:
- Average price: $0.42
- Marketcap: $3 854 979 000
- 24h volume: $67 698 700