Soon, You Can Buy NEM (XEM) with PHP

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NEM Philippines Head Emerson Fonseca revealed on Facebook that soon, we will be able to buy XEM (NEM’s currency) with our fiat money (Pesos).

XEM PHP Exchange

Via a Facebook post, Mr. Fonseca mentioned:

So we will be having a XEMPHP exchange probably by 2 weeks. You can now buy XEMs with your PHP and no more hassle in buying XEMs and LoyalCoin since BTC is very expensive especially its network fee and the hassle. And from there, you can make use of your XEMs to buy LoyalCoins.

NEM

According to Mr. Fonseca, they were approached by two local BTC exchanges. He had a meeting with one of them and the result wasĀ this upcoming exchange platform.

Mr. Fonseca highlighted the advantages of NEM over other cryptocurrencies. Among them are faster transactions, more transactions in each block, direct transfer to NEM wallet and the team’s solid projects this 2018.

(Update: Jan. 8, 2017. Mr. Fonseca revealed on that negotiation with the 2nd PH Exchange looked promising as well.)

Loyal Coin

It should be noted that NEM is the blockchain where Appsolutely’s Loyal Platform is built. Thus, once the XEM – PHP exchange becomes a reality, we can buy Loyal Coins directly without the hassle of transferring our BTCs. If the Exchange is live in 2 weeks, then there’s still enough time to purchase Loyal Coins, whose ICO ends on February 10, 2018.

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Steve

What’s the process in buying XEM with PHP?

If we’re going to BTC, we load up our Coins.ph wallet and then convert our PHP to BTC. In XEM-PHP, how would we do it?

Mike

the XEM-PHP is still “in the works” according to the NEM PH head.

Steve

What’s the process in buying XEM with PHP?

If we’re going to BTC, we load up our Coins.ph wallet and then convert our PHP to BTC. In XEM-PHP, how would we do it?

Mike

the XEM-PHP is still “in the works” according to the NEM PH head.

[…] NEM previously announced that a NEM (XEM) – PHP Exchange Platform will soon be available in the Philippines because of a deal with virtual currency exchange sites in […]

Michael Mislos

A business ad graduate from the Pamantasan ng Lungsod ng Maynila, Mike is the website manager of Bitpinas.com. He is responsible for almost every content you see on the site, from topic/news selection to editing of articles. Mike believes correct information about blockchain and cryptocurrency can empower people to make accurate decisions about the industry, which, in turn, should deter bad actors from taking advantage of crypto & blockchain. [Telegram @mikemislos]

Michael Mislos
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