Dec 11, 2017 - The NEM.io Foundation, the organisation behind the NEM blockchain technology, is setting up shop in New Zealand as part of what it says is $US40 million global expansion plan, and has been in New Zealand promoting a $US90 million ($130m) global development fund that it says will help kick start local blockchain companies. The NEM.io Foundation is a Singapore based not-for-profit organisation whose purpose is “to introduce, educate, and promote the use of the NEM blockchain technology platform on an international scale to all industries and institutions.” NEM has its own cryptocurrency, XEM, that is says…