NEM(XEM) to help PolicyPal Network in underwriting CryptoProtect insurance
NEM(XEM), the smart asset blockchain, hosts a world-class platform for asset management. NEM(XEM) is the primary currency of the NEM public blockchain. It is used to pay for transactions on this public blockchain to incentivize its network of public nodes that process and account transactions for businesses and users there. NEM( XEM) has real fundamental value as the currency of a functioning economy.
PolicyPal is a Singapore-registered insurance broker and exempted financial advisor, and was the first startup to graduate from the Monetary Authority of Singapore’s financial technology sandbox and associates with sixteen global insurance companies.
— NEM (@NEMofficial) June 16, 2018
PolicyPal Network has entered into a collaboration with NEM to underwrite CryptoProtect insurance for the Big List of Projects Built Using the NEM Blockchain on the following products :
a)Business smart contracts/ protocol
c)DAO hack, a loophole in the contract which is a code error resulting in hackers exploiting the code
All insurance purchases will be stored on the smart contracts by PolicyPal Network.PolicyPal will offer a variety of options for integration with NEM projects, with various levels of customization such as REST API and widget. The initial stages of the launch would require PolicyPal Network to distribute the B2C products to NEM projects, and they can get insurance on the wallet at a discounted rate. New Projects will be the front end for distribution.
NEM has been in the news recently for all the right reasons. Brisbane International Airport recently announced that they’d be accepting NEM (XEM) and four other cryptocurrencies for payments. NEM also made an announcement stating that the XEM token can be used for payment at the Brisbane Airport. The collaboration between Brisbane Airport and NEM is expected to increase acceptance of NEM for payments at other airports too.NEM(XEM) went live on Bithumb and Bithumb Pro on June 7.
— NEM (@NEMofficial) June 9, 2018
Last week, NEM announced the listing of NEM(XEM) on Coinsuper, a Hong Kong-based cryptocurrency exchange. Coinsuper embraces methods such as SSL technology, multi-signature cryptocurrency wallets, offline capital management to guarantee the security and solidity of the platform.
#Scanetchain, a decentralized open platform, to disrupt commerce industry ensuring interoperability of advertising, shopping, contents, and social networking services through using augmented reality (AR) technology — powered by #NEM! Learn more: https://t.co/TXuleLPy6k pic.twitter.com/CUJ0jCSLpH
— NEM (@NEMofficial) June 11, 2018
NEM has been investing heavily in technological development. This week, NEM [XEM] platform announced the development of Scanetchain, the dApp for Augmented Reality Blockchain Shopping. Scanetchain is the first commercial dApp which is built for Blockchain Commercialization. The decentralized, open platform allows users to freely define and sell their contents and products for a profit.
Image via Medium
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