Sometimes, the digital currency market can be unforgiving. As most investors have learned, price volatility and market swings are common occurrences. Hence, it should no longer cause an alarm when a digital currency dips. Nevertheless, when only one out of the numerous digital currencies is affected by the dip, then worry sets in.
This was the case with NEM investors as yet another crypto week begins. The good news is that this is likely to change. In fact, the digital currency has already experienced some positive changes earlier today. The digital currency is currently trading at $0.3062. This is down from about seven days ago when the digital currency was trading at $0.40. Here are reasons why investing in NEM (XEM) is a wise idea.
Increased Penetration as NEM is Added to ABRA Wallet
Abra is a digital wallet that allows users to sell, buy, and hold digital currencies together with others in the market. The platform was launched earlier this year, and it supports a total of twenty-five digital currencies.
By adding XEM to its platform, the developers of the wallet have opened it for trading to a wide range of users. The digital currency can now be accessed by users that can buy it through bitcoin or bank deposits.
Paytomat Joins NEM as an Enterprise Partner
Paytomat is a decentralized payment service that is focused on digital currencies. The deal to partner with NEM makes it tasked with helping XEM to gains adoption of global mainstream. The platform will also look for ways to use the robust blockchain technology of NEM in its operations. This will result in more use for XEM tokens, increasing the chances of improving its value.
Furthermore, the Ukraine-based firm will look for ways to utilize and adopt the Apostille ecosystem on the blockchain of NEM to help notarize different legal documents.