NEM Ventures to invest in Cyclebit.

NEM Ventures, the venture capital and investment arm of the NEM blockchain ecosystem, agreed to invest in Cyclebit, a provider of tools for retailers to accept cryptocurrencies and fiat for in-store, online and on-the-go purchases. Financial terms were not disclosed. "Cyclebit is already an established player in the crypto and fiat payments space, and we are thrilled to make a strategic investment in this project at a time of major growth for the organization. With an existing global presence and the potential to help bring crypto to the mainstream, we are aligned in our vision to bring crypto to mass adoption,” Dave Hodgson, NEM Director, and Co-Founder.