NEM Moves into Philippine Taxis Via Partnership

[kreslik.news]

Blockchain platform NEM has announced that one of its partners has signed a major deal in the Philippines.

LoyalCoin is a cryptocurrency payment gateway and exchange which operates using the LoyalCoin token, which is also a NEM token. Its new partnership is with Grab Phillipines, which is the country’s version of Uber.

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This means that LoyalCoin tokens can now be used to pay for taxi rides. Through this deal the NEM Foundation finds itself inside a major new market.

NEM

NEM, which stands for new economy movement, is a blockchain which runs on a ‘proof-of-importance’ consensus system. ... (read more)