NEM (XEM), a project designed for a better performance of smart assets, announced its first venture capital investment with the Vimba platform. Vimba is a platform known as MyCryptoSaver, which allows users to withdraw money from the bank and automatically convert to crypto in a savings system.
Little news is released regarding the XEM project. The lack of notifications gives grounds to believe that the community behind the XEM currency is no longer active. In addition, the NEM Foundation has recently published a report that said it was about to fail after it had had trouble obtaining resources. Perhaps, strategic investments like this with Vimba can bring positive results to the foundation behind XEM.
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