$17M USD private placement is concluded for the NEM XPOS
To fund NEM XPOS project, we have concluded a private placement totaling $17 million (USD).
To fund NEM XPOS project, we have concluded a private placement totaling $17 million (USD).
Dear Pundians,
We have recently announced a commitment to utilize NEM blockchain technology to produce 20,000 of the world’s first NEM-based Point-of-Sales terminals, called NEM XPOS.
To fund this project, we have concluded a private placement totaling $17 million (USD) on April 5th 2018. The fund will be used for technical integration and the production of at least 20,000 NEM XPOS over a three year period. Part of the funds will be used for general XPOS R&D which will also benefit the development of the NEM XPOS. R&D will include side chain implementation, XPOS management systems and other refinements of the system.
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