SNAP will Adopt the Highly Regarded NEM Blockchain Technology; XEM, the Token Underlying NEM, Currently has the 9th Largest Market Capitalization of all Cryptocurrencies
NEW YORK, NY / ACCESSWIRE / December 21, 2017 / Snap Interactive, Inc. ("SNAP," the "Company," "we," "our" or "us") (OTCQB: STVI), a leading provider of live video social networking applications building on blockchain and other innovative technologies, and NEM.io Foundation Ltd. (NEM), one of the most well-funded and successful blockchain technology projects in the cryptocurrency industry, today jointly announced that SNAP has selected NEM to power the Company's core blockchain infrastructure. Development has already commenced and will be the foundation for Backchannel, SNAP's secure messenger application expected to be introduced in the fourth quarter of 2018.
Great news for Nem holders and the nem foundation, so it will be a secure messenging type deal?
Was waiting in line at the bank today and of course they had bloomberg money on the tv.....and little to my surprise the headline was about goldman building a cryptocurrency trading desk.
I am still astonished by how fast people are warming up to crypto currency, its becoming more legitimate by the day.
I feel like 2018 will the year blockchain tech really starts to flourish in real world business, this type of deal shows that.