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NEM Announces Integration of Catapult with Trezor Hardware Wallet

Yesterday, on Twitter, NEM SP announced its brand new contract called- ‘Catapult Trezor Wallet Integration.’ They posted about the opening of the opportunity of RFP (Request-for-Proposal) for Trezor integration.

NEM Catapult programs by  NEM Foundation are packed with exciting features such as-smart contract plugins, multi-layer multi-signature feature, cross-border remittance, secure trading, IOT micropayments, notarizations, KYC records, medical records, and so on. These features make it work in perfect sync with both the private and the public networks.

What is this project all about?

Well, as per the official announcement from NEM, The NEM CATAPULT Trezor wallet integration project mainly deals with catering to the crypto hardware wallet features. As of now, the NEM CATAPULT network can be used for the following features-

  • Completing crypto transactions,
  • Checking account balances,
  • Accessing network information,
  • Checking invoices creation, and
  • For accounts management.

The software will be launched in the form of Catapult integration with the “Trezor hardware wallet software and Trezor-connect Java script library” as per the announcement.

When will the NEM CATAPULT Trezor wallet integration project start?

As per the official announcement, the NEM CATAPULT Trezor wallet integration project will start today, i.e. 16th August 2019, at 1:00 AM (BST.)

What is the date for expressing the intent to bid?

The date to express the intent to bid for the NEM project is Aug 23rd, 2019, 1:00 AM BST.

When is the question due date?

As per the announcement, the official question due date is Aug 24th, 2019, 1:00 AM BST.

When will it get closed?

The date of closing is Aug 24th, 2019, 1:00 AM BST

What is the location of the above-scheduled events?

All of the above events will take place online.

NEM was founded back in 2014, and by far has been a strong player in the crypto industry. It is often referred to as a ‘sleeping giant’ because of its slow yet very strong growth. The company is currently worth 2 billion U.S. Dollars and has made its name as the leading and the largest tech foundations. The interesting aspect is that it is a non-profit and fully self-funded foundation. The company’s integration projects are its attempts to offer integration and in-sync programs with an integrated company or institution. The main focus area of the company is the financial sector. It has the potential and capabilities to co-exist peacefully with other platforms such as Ethereum, EOS, NEO, Cardano, and so on.

Such interesting partnerships and integration programs may eventually strengthen the crypto industry. The recent partnership of the platform was with social messaging app giant- WeChat, which boasts 1 billion 24 hourly active users. Another possibility shines through NEM’s working with ProximaX, which may help to offer better performance and integrity.

The distributed ledger Technology- NEM launched RHOVIT, a NEM-based crypto-token, back in May. The token is a multi-purpose token which can be used for watching content such as videos, trailers, articles on the internet.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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