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NEM announces new partnerships; XEM to be available for payments in over 1000 Australian restaurants

Ajay Narayan

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NEM announces new partnerships; XEM to be available for payments in over 1000 Australian restaurants
Source: Unsplash

According to a recent report, NEM announced a partnership with Liven, an Australian based payment platform which rewards its users for their loyalty when they visit partner restaurants and pay through the Liven app. Liven’s digital currency LivenCoin [LVN] allows Australian users to pay with cryptocurrency across 1000 restaurants through the LivenPay payment network.

The creators of NEM.io will be working with Liven to integrate XEM with LVN coin. The report stated that the Apostille function of the NEM blockchain will be utilized to ensure Liven’s transparency and integrity. Furthermore, the Apostille function will be used to validate the analytics provided to merchants.

The NEM foundation will be working towards providing technical guidance, support and will also explore the other features in the blockchain technology which could be integrated into Liven’s platform.

NEM’s Expansion Director for Australia and New Zeland, Jason Lee stated that the partnership has two important aspects. The first aspect was that pairing XEM with LVN would allow the community to constantly interact with Liven’s ecosystem.

He further added that this partnership was proof that they had the potential to develop real-world use cases. He further added:

“We are already exploring other opportunities to integrate NEM blockchain technologies with Liven and will look forward to working with them continuously”

Moreover, NEM recently announced a strategic partnership with OATH Protocol. A platform which aims to build a standardized and decentralized protocol that protects dApp user’s rights and assets.

Oath protocol could be integrated into NEM’s voting system which will ensure an “added layer” of security. The protocol will further stabilize the infrastructure and increase the usability of the voting function of NEM.



Steve Li, Leader of NEM China opined that the Oath protocol would give NEM a better experience on voting solutions. The partnership would give NEM a lot of recognition in the blockchain industry and would benefit both NEM and Oath.

The leader of NEM Taiwan, Flora Fang stated that the Oath protocol ensured blockchain security by adopting dispute resolution and governance mechanism. He added:

“We are committed to the management of smart asset allocation on the blockchain, and its use symbolizes full fairness and equality. The decentralized reward mechanism provides a safe and easy-to-use solution and application portal for peer-to-peer payments”





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Ajay Narayan is a full-time journalist at AMBCrypto. He has majored in Economics, Political Science and Sociology. His interests are inclined towards writing and investing in cryptocurrencies.

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

Guest Author

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

Daily Crypto News – May 25

1) Bitcoin Wallet receives part of 5,000 BTC: A recent Whale Alert highlighted a transaction on May 24, where a large sum of Bitcoin [BTC] exchanged hands between two anonymous wallets. According to the alert the transaction took place at 22:13:23 + 1 minutes and 5,000.00001092 BTC was transferred from an unknown wallet, with address 19SiCYaYKZh9A8HUjuh14eg5wtYzKxiFbB, to another unknown wallet with address 14GcjGjxwadzcpmq9EG3KUgTKATjurbnWt.

Read more at https://bit.ly/2VRQwb0

2) Bitwise Report 2.0: Bitcoin [BTC] futures continues growth: On a month-on-month basis, Bitcoin Futures saw a massive bump in April trading at an average of 10,000 contracts daily, peaking on April 4, with over 22,000 contracts traded. To put that number in perspective, in March 2019, the average contracts traded was less than 4,000. Despite the high standards set in April, the average daily contracts traded in May, with 25 days gone has exceeded 14,000 and still looks to grow, given the price performance of Bitcoin.

Read more at https://bit.ly/2W40sTR

3) Craig Wright on private keys: Craig S Wright has, for years, claimed he is the true creator of Bitcoin [BTC] without providing a shred of evidence to support the same. With the crypto-community levelling, Wright could prove his worth by sending BTC from Satoshi Nakamoto’s touted wallet containing around 980,000 BTCs, the BSV man in a twisted cause and effect situation, stated he will “sign” into his wallet only when he proves he is the creator.

Read more at https://bit.ly/2X6fdlw

4) Tether’s [USDT] market cap hits ATH: Tether and Bitfinex are being closely scrutinized now more than ever due to the NYAG’s lawsuit; however, the scrutiny doesn’t seem to have affected Tether as the market cap of USDT has increased by over $100 million in approximately 70 days.

Read more at https://bit.ly/2McaTjE

5) Tether volume shift: Another controversial topic in the cryptocurrency industry was the issue of fake transaction volumes on many of the popular cryptocurrency exchanges. The magnitude of the topic was so large that even Changpeng Zhao, the Chief Executive Officer [CEO] of Binance had raised red flags. This topic and Tether as a whole received another twist when Larry Cermack, the Director of Research at The Block, pointed out a few parameters when it came to the said volume.

Read more at https://bit.ly/2wmk4mJ

6) Bitfinex’s LEO tokens listed on Delta Exchange: Bitfinex’s Leo tokens faced quite a lot of criticism when they were announced, due to the missing $850 million funds from Bitfinex. The private investment round by Bitfinex also faced a lot of heat from the media. However, in a recent development, Leo tokens are being listed on various exchanges for trading.

Read more at https://bit.ly/2HUEnNB



7) Robinhood en-route a projected valuation of $7 billion: Robinhood, the California-based cryptocurrency exchange made headlines recently when a source close to the organization revealed that it was on the verge of closing their latest round of funding at a valuation of a whopping $7 billion – $8 billion. Sources even claimed that the current round of funding could act as a precursor to an even bigger round of funding, which would pit Robinhood with the bigwigs like Coinbase and Binance.

Read more at https://bit.ly/2W64KKj





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