NEM has been making headlines over the past few weeks since it partnered with KeySafeBank. The Singapore based cryptocurrency has teamed up with the PAL Network in order to cooperate and support KeySafeBank. The leading third-party institutional grade custodian cryptocurrency in Singapore has been appointed by the bank to power its institutional with the help of NEM’s blockchain security solution which has been one of the best in the world.
In addition to this, KeySafeBank has signed a MoU (Memorandum of Understanding) with the PAL Network too. PAL is a two-layered network for pecuniary belongings which uses the data to connect the gap between purchasers and financial suppliers. The PAL network according to the signed MoU will pride insurance coverage for digital currencies that users will have with the KeySafeBank until it will be released.