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NEM (XEM) was one of the most successful digital assets in the cryptographic sphere. As the cryptic industry is maturing day by day, the world has begun to recognize the importance of the blockchain system. NEM is one of the most important and efficient blockchain projects on the market.
NEM (XEM) is like most other large cryptographic projects that are working on developing a fast and secure blockchain platform. NEM is written based on improved speed and scalability. The best part of the NEM blockchain is the consensus algorithm Proof of Importance (PoI) which is one of the fundamental inventions in the blockchain industry.
NEM (XEM) has been successful in growing its network in several countries and implementing its ecosystem is a great victory for NEM. Recently, Denarri Cash, which is a multi-currency mobile wallet and is located in the United Arab Emirates, has entered the NEM blockchain ecosystem. The portfolio allows more than fifteen currencies to transfer money including Crypto, Bitcoin (BTC).
The portfolio has moved to the NEM ecosystem and will use public and private networks. Denarri Cash has received much support from NEM South Asia and the Middle East, so they decided to move to NEM. The mobile wallet admires the NEM blockchain system and wants to work alongside them to increase the adoption of both networks.
Denarri Cash wants NEM (XEM) to help them create a token and have already announced that they will launch their new token by early 2020. At the moment, the mobile wallet will be able to add some new mosaic assets from the next quarter of 2019.
In addition, Denarii Cash will also seek to establish a new service that includes different offers, offers and service payments and that are accessible to users of UAE and Philippines. So, to create a much stronger network, NEM would have played a fundamental role. Co-founder of Denarii Cash, Jon Santillan said:
"Denarii Cash has been very busy over the last few months, with resources focused on moving our main platform to the NEM blockchain, and we are very happy with our decision and we can not wait to make it happen."
Thus, this collaboration would play a key role for NEM (XEM) in the growth of its network through more established worldwide. NEM has turned into a bigger brand and other organizations look at it, this is a big sign for the NEM network because such partnerships could bring XEM to the moon.
NEM (XEM) has shown progress in its projects and this would help XEM stabilize its market value. At the time of writing this article, NEM traded at a price of $ 0.064 USD with a market capitalization of $ 581 USD and a trading volume of $ 13 million. Currently, it trades on 17th place but with such progress it would soon be among the first 15 coins.
So for investors it makes sense to invest in NEM (XEM) because it indicates an increase and with such a low price it is by no means a risky investment.
