WatermelonBlock Chooses XEM as Preferred Payment Method

Whilst 2018 has been a booming year for cryptocurrency and blockchain industries, many are plagued with issues of scalability, inflation and increasing hardware costs. Recognizing these issues facing the crypto-community, AI-powered Sentiment Analysis providers — WatermelonBlock, has chosen NEM’s XEM as its proprietary currency to tackle these challenges head on.

“When conceptualizing WatermelonBlock, we started thinking about what problems we are trying to solve for investors. In trading cryptocurrency, we identified issues of scalability as a serious threat, which is why XEM was an obvious choice for us.” — Elliot Rothfield, Founder and CEO of WatermelonBlock.

WatermelonBlock will be incentivizing users to pay for premium products with XEM as the chosen payment, helping to support the WatermelonBlock and NEM ecosystems.

XEM can be purchased on a variety of open exchanges. Because XEM fees are used to pay for real commercial transactions on the public blockchain, XEM gathers inherent value. This means that with time XEM becomes an excellent digital currency, usable by anyone on the NEM network for storing or transferring value. It is also one of the top 20 cryptocurrencies by market capitalisation.

WatermelonBlock will accept WMB, XEM, BTC and ETH in all upcoming product releases.


For more information about the NEM Foundation and its mission, you can follow us on Twitter, at Inside NEM, our Facebook page, NEM Australia Telegram or visit our website.