NEM introduces XEM token for ShapeShift

The Foundation, the company behind the P2P NEM blockchain platform, announced today ShapeShift will integrate NEM’s XEM token, a move they believe will provide greater liquidity to token holders.

“At NEM, we are constantly looking for ways to better serve our community and XEM token holders,” Foundation president Lon Wong said. “We’ve received many requests to make XEM more available on exchanges, and our integration with ShapeShift is a major step forward in providing flexibility and liquidity to the community.”

Lon Wong

NEM is integrating ShapeShift into their Nanowallet, a native NEM desktop wallet allowing users to directly exchange XEM for other cryptocurrencies. Cryptocurrency ATMs and consumer goods websites can now support XEM through the integration.

The Foundation has also expanded their Korean presence after inking a partnership with Metaps Plus. The Seoul-based fintech company and mobile marketing platform developer has more than $10 million in annual transactions.

NEM will also assist Metaps Plus with launching CoinRoom, its digital currency exchange which will be Korea’s first exchange to list XEM on Nov. 11. XEM’s API technology will also be integrated into Metaps Plus.

“NEM is one of the most experienced companies in the industry, and a perfect partner to help us leverage blockchain technology to its fullest potential in Korea,” said Seungyeon Kim, CEO of Metaps Plus. “Through this partnership, we look forward to listing XEM on CoinRoom and implementing forward-thinking blockchain solutions.”

“Through this partnership, we look forward to listing XEM on CoinRoom and implementing forward-thinking blockchain solutions.”

“Interest in blockchain and cryptocurrency is skyrocketing in Korea, and it will continue to grow as one of the industry’s leading markets,” said Jeff McDonald, Vice President of the NEM Foundation. “NEM plans to establish a strong presence in Korea, and partnering with such a well respected and established partner at Metaps is a major step forward in that mission.”

The Foundation announced a $40 million expansion earlier this year that includes a new innovation lab in Malaysia. Since then they have been developing Catapult a completely augmented iteration.

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