NEM integrated with WeChat

NEM cryptowallet was integrated on WeChat, a Chinese social media mobile application software
11 December 2017   860

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.

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.

NEM Charts december 2017NEM Charts

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

NEM to Invest $120k in Malaysian Blockchain Startups

NEM in Malaysia will be engaged in the promotion of blockchain start-ups, as well as helping companies integrate DLT into their projects
05 July 2018   154

The Foundation has opened a blockchain centre in Malaysia. The company allocated $ 120,000 to develop projects based on DLT in the country. This is reported by Ethereum World News.

The NEM Malaysia Center will be engaged in the promotion of blockchain start-ups, as well as helping companies integrate distributed ledger technology into their projects. Foundation hopes to popularize its own XEM cryptocurrency in the region.

The task of the headquarters also includes informing the population about the features of the blockchain.

There is not enough understanding and (not enough) people who know how to use the technology to build up solutions for companies to solve some of the world’s problems. I think the mindset still remains the biggest challenge. For example, people may think it is complicated because of the buzzwords or more specific terms that are used.

Stephen Chia

Local Head, Foundation

In March Foundation and Tech Bureau announced the launch of the closed beta testing of the Catapult engine.