I've always thought NEM (symbol: XEM) had a lot of potential and today it became a top 5 cryptocurrency on CoinMarketCap.com thanks, at least in part, to news that came out today (see below). This could be pretty big.
Dragonfly Fintech Selected to Implement Payment Solution
SINGAPORE, June 20, 2016 /PRNewswire/ -- Singapore Dragonfly Fintech (DF), clinched a deal today to power Metro Money Exchange, a Malaysian licensed wholesale and money remittance company using the NEM's Blockchain Technology. The payment and settlement solution will be implemented in partnership with BC Fintech Sdn Bhd, a Dragonfly system integrator.
The solution will drive the entire remittance chain, from wholesale foreign exchange to the receipt of fiat money at the recipient's end. The remittance market in Malaysia is about $10 billion per annum.
"It is about transforming the money remittance space and repositioning the service as a platform business allowing near frictionless participation," said Lon Wong, CEO, Dragonfly Fintech.
This solution is also applicable to banks, and they are very positive about this solution. Banks are meticulously working through their processes to ensure stakeholder concerns and needs are addressed before embarking on such a project. Dragonfly will continue to work closely with its clients in supporting their decision-making needs.
Unfortunately this has lost a lot of momentum now. This is the only post I've seen on it. Seems people are now busy with the the ETC/ETH situation and have forgotten about this. It's sad. Hopefully NEM will come back to the spotlight soon.
I have bought into this currency but, I can never find any reliable news orginization talking about it... So I never know what moves it's creators are making. Is there a known location that shares what they are planning?
what's the next 5th rank
yes good write for crypto
thank you for sharing
AND happy new year
this he have 3 years
Dragonfly Fintech Selected to Implement Payment Solution
SINGAPORE, June 20, 2016 /PRNewswire/ -- Singapore Dragonfly Fintech (DF), clinched a deal today to power Metro Money Exchange, a Malaysian licensed wholesale and money remittance company using the NEM's Blockchain Technology. The payment and settlement solution will be implemented in partnership with BC Fintech Sdn Bhd, a Dragonfly system integrator.
The solution will drive the entire remittance chain, from wholesale foreign exchange to the receipt of fiat money at the recipient's end. The remittance market in Malaysia is about $10 billion per annum.
"It is about transforming the money remittance space and repositioning the service as a platform business allowing near frictionless participation," said Lon Wong, CEO, Dragonfly Fintech.
This solution is also applicable to banks, and they are very positive about this solution. Banks are meticulously working through their processes to ensure stakeholder concerns and needs are addressed before embarking on such a project. Dragonfly will continue to work closely with its clients in supporting their decision-making needs.
[Full story on Yahoo Finance]
Article Fine. Welcome in me the blog @alex2016
I am a holder of XEM and noticed it's been through the roof last few days . Awesome news!
Upvoted! Good stuff man :D
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Really nice post ! Crypto currency is a very hot topic
Looks like you predicted the spike 1 year ago
Ugh. Kraken needs to get its shit together and list NEM
Upvoted
Unfortunately this has lost a lot of momentum now. This is the only post I've seen on it. Seems people are now busy with the the ETC/ETH situation and have forgotten about this. It's sad. Hopefully NEM will come back to the spotlight soon.
I have bought into this currency but, I can never find any reliable news orginization talking about it... So I never know what moves it's creators are making. Is there a known location that shares what they are planning?