We're excited to announce that Liven will be using the NEM blockchain platform for the LivenPay payment network, and the Liven mobile wallet. A world first enabling Australians to transact seamlessly with cryptocurrency in daily life on a large scale. Introducing our new Ethereum-based digital currency LivenCoin (LVN) will allow everyday Aussies to dine at over 1000 restaurants, both spending and earning cryptocurrency on every transaction - with plans to expand into international markets in the coming months.
The NEM.io Foundation, creators of the peer-to-peer NEM blockchain platform and the XEM cryptocurrency will be working with Liven to onboard XEM as the first cryptocurrency pairing with LVN to enable access to payments with XEM at over a thousand outlets in Australia and also utilise the NEM blockchain Apostille function, which is a timestamp on the NEM public blockchain. Apostille will be used to notarise analytics provided to merchants to ensure transparency and integrity in Liven’s back-end reporting ecosystem. Merchants who receive these reports over time will be able to make intelligent business decisions based on the data they receive when they work with Liven.
Known as a plug-and-play, out of the box blockchain enterprise solution, NEM will be providing technical guidance and support as well as explore a number of other blockchain technology features which could be integrated into Liven’s platform. Developers will find it easy to build on NEM with speed, scalability and security in mind.
Founded in 2014 by siblings William and Grace Wong, alongside engineering PhD David Ballerini, Liven allows customers to pay with their phone and be rewarded with 15-25 percent of their bill spend at bars and restaurants as LVN, which can be saved up, shared with friends, donated to charity, or spent at any merchant in the network. The company, which has raised AUD$11.5 million in traditional capital has acquired a userbase of 300,000 members since launching in 2016.
Liven Co-founder and CEO, William Wong, said, “Integrating NEM blockchain platform was an obvious progression for Liven, we are glad to integrate XEM as the first digital currency on our platform to meet with customer demand for crypto capabilities. Our vision for Liven has been international from the outset, and working with NEM will provide us with the starting ground to build world-class infrastructure as we branch out globally. From there, we’ll look to diversify into other verticals such as travel, lifestyle services and retail. We are also overjoyed to have Lon Wong, Founding President of NEM.io Foundation and now CEO of ProximaX as part of our advisory team, which will add tremendous value to taking things to the next level.”
Jason Lee, Expansion Director for Australia and New Zealand for NEM.io Foundation, said, “NEM.io Foundation is in 40 countries across 100 cities and has a strong presence in Australia and New Zealand. We are looking forward to work with Liven in providing support from the countries in which we operate in and explore further opportunities to strengthen the collaboration between Liven and NEM. This partnership is two-fold, first, allowing XEM to be paired with LVN through its platform would enable our community to interact with Liven’s ecosystem. Second, Liven using the NEM blockchain is proof that there is area to develop real world use cases to support business growth, especially in making better business decisions. We are already exploring other opportunities to integrate NEM blockchain technologies with Liven and will look forward to working with them continuously.”