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

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

Mon, 22/10/2018 - 16:03

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

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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 Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He 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.