South Korea is not the only country in Asia that is forward in digital money. Its neighbor China, has previously planted its’ feet on the industry. NEO is now one of the world’s biggest cryptocurrency.
Da Hongfei and Erik Zhang founded the company at 2014. Back then, the name was Antshares. It’s a community driven platform for decentralized applications. It then created a vision to make a “smart economy” in 2017, together with its rebranding.
With NEO Coin, it is now at 19th place of the global crypto world. Currently, there are 65 million NEO coins in current circulation. Each coin worth around 9.08 USD.
Partnership with Zeux
Recently, the Chinese cryptocurrency secured a partnership with Zeux. The partnership is to allow people using their digital coins to pay either goods or services using Apple and Samsung Pay.
The service has been available since 7 May 2019. Zeux, a fintech company based on London shared excitement upon the partnership. Founder and CEO of Zeux, Frank Zhou stated that this is a strategic partnership. It will help his company building its current infrastructure and expand further.
Previously, Zeux had also included other cryptocurrencies to its system. It included IOTA, Bitcoin SV, and QTUM. Therefore it helps digital money enthusiasts to spend their tokens in thousand merchants around the world.
Expecting a rise of value
With this partnership, NEO is expecting a rise of value. According to CryptoNewsZ, the alliance will boost the image of NEO coins in the market. The site predicted an upcoming surge for its price in the next quarter of 2019.
It might value up to 12.10 USD level. And by the end of 2019, it might reach its previous all-time high of 148 to 155 USD level. Furthermore, with the positive effect on trading price and volume, it might double up in 2020.
NEO 3.0
This is partly based on the cryptocurrency plan on launching a new blockchain network. With the launch of NEO 3.0, users will have to exchange their tokens for new ones. Zhang said it is necessary to follow up some architectural improvements on NEO’s performance and stability.
