NEM (XEM) Latest News: How NEM’s Recent Development Will Shape Its Future

NEM (XEM), since it was launched in 2015, has been one of the best performing digital currencies in the crypto market. In a digital currency space that is dominated by big players with massive market caps, NEM (XEM) has succeeded in gaining a formidable spot for itself by offering clever new features for its customers together with new improvements on its platform via new partnerships.

When some of the most popular digital currencies such as Ethereum, Bitcoin, Litecoin, etc. are struggling with issues such as high volatility, lack of anonymity, insecurity, high transaction fees, and many more, NEM (XEM) appears to hold its market cap and position quite well.

NEM XPOS Devices

NEM wants to release XPOS devices with substantial support from PundiX – another fast-growing digital currency. The partnership with PundiX and NEM took place at the end of last year. Ever since, the two firms have been working so hard to implement digital currencies into the retail industry. So far, the partnership has worked very well for NEM.

PundiX released about twenty thousand NEM devices immediately after their partnership. XPOS devices are another outcome of this partnership. NEM wants to issue these devices to several organizations and businesses under the name “NEM XPOS.”

The Implementation of Catapult

In Consensus 2018 blockchain conference that recently held in NYC, the development team of NEM first announced implementing Catapult. The conference provided a massive opportunity and platform for every digital currency to increase its acceptability and popularity, and NEM was able to take advantage of the opportunity.

Catapult is the recent version of the much efficient NEM technology called Mijin. In other words, Catapult is the latest blockchain-based engine which is designed to represent new NEM protocols to the customers. The release of Catapult has been long anticipated by holders of NEM for a very long time, and it is finally here.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.


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