NEM (XEM) Spikes 10 Percent After Platform Signs MoU with UAE

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Yuri Molchan
NEM token (XEM) surged 10% making investors happy. Currently, the coin is trading at $0,098620. Last week, the NEM Foundation signed a memo of understanding with the UAE
NEM (XEM) Spikes 10 Percent After Platform Signs MoU with UAE
Cover image via U.Today

On Monday morning, the NEM token (XEM) surged 10 percent making investors happy. Currently, the coin is trading at $0,098620.

Last week, the NEM (New Economy Movement) Foundation signed a memo of understanding (MoU) with the Ministry of Community Development (MOCD) of the UAE. Under the terms of the document, NEM will provide advice to MOCD, helping them to shape their future DLT projects. The Foundation will be sharing valuable data on their Blockchain which will be embedded into UAE’s IT systems.

The UAE government intends to finish the implementation of Blockchain systems by 2019.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.