In a bit to achieve meaningful growth based on stability, NEM (XEM) has remained focused on its goal of speeding up blockchain based transactions through a unique consensus algorithm. This has been the focal point for the increased interest from developers and takers worldwide. The platform visibility continues to expand and the latest development update clearly shows the coin is ready to go global.
According to the last update dated September 9, NEM (XEM) global expansion appears to take center stage. Through the Center of Excellence (CoE) the platform outlines all their development initiatives and the route to market they ecosystem is taking.
The global reach campaign will see various teams attend scheduled exhibitions, talk shows and presentations more than 10 countries and cities including Australia, New Zealand, Brazil, Columbia, Europe, Japan, Hong Kong, North America, Mexico, Malaysia and Singapore.
NEM (XEM) Global Visibility and Partnerships
The update, though not setting specific timelines has indicated a soon to be announced partnership with the Brazil government. The collaboration is aimed at increasing the government’s blockchain uptake but also targets local enterprises. Update adds that:
“New partnerships are emerging with the government sector and local enterprises. Ambassador Lyra participated in a recent Cryptos and Blockchain event in Curtibia. He’ll follow up on Sept 14th with another presentation for students at the Federal University of Paraná.”
The news appears to be working well for NEM soon after adding a blockchain client, Swisscom to its portfolio. This will go a long way in stabilizing the platform and enhancing its security levels to create investor confidence and traction growth.
NEM (XEM) Memorandum of Understanding with Kind Heaven
The NEM foundation has announced that it has signed a memorandum of understanding with Kind Haven. Kind Haven is a respected outfit on the online gaming industry and its collaboration with NEM comes at a time when the industry is ripe for disruption. The firm creativity has seen the development of the popular Star Wars, Lord of Rings and Avatar movies.
The MoU will see NEM stamp its presence in North America. While making the announcement, the NEX foundation added:
“NEM has signed a MoU with Kind Heaven, a groundbreaking destination and revolutionary movement combining cutting-edge technology with Hollywood style storytelling to transport audiences to a new world where they will experience the best of Southeast Asian culture, art, music, food, and fashion. This will see NEM and the Kind Heaven team collaborate on on-boarding the Kind Heaven project onto the NEM blockchain platform (alongside the support of NEM Thailand and NEM Vietnam.)”
NEM Other Development News Updates
In related news, NEM Development Center (NDC) has been nominated for the prestigious DevPortal awards as the Melbourne moves offices to what the MEN team is calling the Premiere Fintech Hub. The global outreach campaign is a huge plus for the coin as it seeks to position itself in the market as a leading brand.
To achieve the goal, the team is focusing on credibility building through a stable and secure platform that will help speed up transaction in the crypto sphere as well as using the native XEM coin as a daily life transaction vehicle. This is the only way the EM price will continue to stabilize and gain more value to entice investors.
The development announcement has seen the XEM coin step of the red trading zone to get back to its winning ways in a rather bearish market. The last 24 hours have seen the coin gain 1.82% to the green buck to trade at $0.098776.