Sign up for The Paypers newsletter Follow The Paypers on LinkedIn Follow The Paypers on Twitter Follow The Paypers on Facebook Follow The Paypers on Google +
The Paypers, paypers, Insight in payments, News, Reports, Events
 advertisement
Cryptocurrencies

ShapeShift integrates NEM to provide liquidity for XEM token holders

Tuesday 10 October 2017 | 09:26 AM CET

ShapeShift, a cryptocurrency exchange, has integrated NEM’s XEM token, to provide greater liquidity options to token holders.

Currently, the NEM team is working to integrate ShapeShift into their Nanowallet, to offer similar services already available through Changelly. The Nanowallet is a native NEM desktop wallet providing users the ability to directly exchange XEM for other cryptocurrencies. Through ShapeShift’s NEM integration, cryptocurrency ATMs will be able to support XEM, along with many consumer goods websites.

Since the NEM.io Foundation announced a USD 40 million expansion at the beginning of 2017, NEM has been rapidly developing Catapult, its second and completely augmented iteration. The company has an Innovation Lab in Kuala Lumpur, Malaysia. The NEM.io Foundation will also begin operations in Europe starting with a training program for software developers in October 2017.

ShapeShift plays an important role in the cryptocurrency ecosystem, and many third parties use its extensive API as the back-end to power services helping to provide liquidity to cryptocurrencies.

 advertisement
 advertisement
 advertisement
 advertisement