NEM(XEM) to help PolicyPal Network in underwriting CryptoProtect insurance

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June 16, 2018 by
NEM(XEM) to help PolicyPal Network in underwriting CryptoProtect insurance

NEM( XEM), the clever asset blockchain, hosts a world-class system for possession management. NEM( XEM) is the key money of the NEM public blockchain. It is utilized to pay for deals on this public blockchain to incentivize its network of public nodes that procedure and also account purchases for services and customers there. NEM( XEM) has genuine essential worth as the currency of a functioning economic climate.

PolicyPal is a Singapore-registered insurance broker as well as spared economic advisor, and also was the initial startup to finish from the Monetary Authority of Singapore’s financial innovation sandbox and also connects with sixteen worldwide insurance provider.
PolicyPal Network has become part of a cooperation with NEM to finance CryptoProtect insurance policy for the Large Checklist of Projects Developed Making Use Of the NEM Blockchain on the complying with products:

a) Company wise agreements/ method
b) Unexpected pests
c) DAO hack, a loophole in the agreement which is a code mistake leading to hackers making use of the code

All insurance coverage purchases will certainly be saved on the smart contracts by PolicyPal Network.PolicyPal will use a range of options for combination with NEM jobs, with numerous levels of customization such as REST API and also widget. The first phases of the launch would call for PolicyPal Network to distribute the B2C products to NEM jobs, and also they can obtain insurance coverage on the budget at a discounted rate. New Projects will be the front end for distribution.

NEM has actually remained in the news lately for all the right factors. Brisbane International Flight terminal just recently announced that they would certainly be accepting NEM (XEM) as well as four various other cryptocurrencies for repayments. NEM additionally made a statement mentioning that the XEM token can be made use of for settlement at the Brisbane Airport terminal. The collaboration in between Brisbane Airport and NEM is expected to raise acceptance of NEM for payments at other flight terminals too.NEM(XEM) went survive Bithumb and also Bithumb Pro on June 7.

Recently, NEMannounced the listing of NEM(XEM) on Coinsuper, a Hong Kong-based cryptocurrency exchange. Coinsuper embraces approaches such as SSL technology, multi-signature cryptocurrency budgets, offline capital monitoring to assure the safety and security and strength of the system.

NEM has been investing greatly in technical growth. Today, NEM [XEM] platform revealed the growth of Scanetchain, the dApp for Augmented Fact Blockchain Purchasing. Scanetchain is the first business dApp which is constructed for Blockchain Commercialization. The decentralized, open system permits customers to easily define and offer their components as well as products for a revenue.


A mechanical engineer turned journalist, Shekar takes a keen interest in the study and analysis of cryptocurrencies and blockchain strategy. With the cryptocurrency world blooming in the recent days, he finds great interest in monitoring their growth and gathering every possible piece of information about them. He works as a crypto-journalist for the website Kranbitcoin.

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