EmerCoin 7-day Chart (Source: Coinmarketcap.com)
Last week, Microsoft announced four new partners that have signed up for its Azure Blockchain as a service (BaaS) that includes, bitcoin payment processor BitPay; proof-of-ownership blockchain service Emercoin; blockchain rewards platform Manifold Technology; and bitcoin tax service LibraTax.
Emercoin, a leading digital currency and blockchain platform, said that it will be delivering their suite of blockchain services into the Azure cloud later this year. This will enable Azure cloud users to install and make use of several Emercoin's services such as digital proof of ownership and identity, passwordless authentication on the internet, network security, the first distributed advertising network and many E-commerce solutions like the Emercoin secure micropayment service.
CoinTelegraph reported that the partnership has been beneficial for EmerCoin, with immediate effects seen in its value. EmerCoin's market cap is currently around 6 million US dollars, and is trading for about $0.16 per coin (at the time of writing), according to EmerCoin charts taken from Coinmarketcap.com. EmerCoin price briefly touched 0.20 level against the US dollar, the same day when EmerCoin announced the full scope of its blockchain services that are slated for inclusion into the Azure BaaS platform.
EmerCoin (EMC) is a decentralized, open-source cryptocurrency created in late 2013 and based on technologies from Bitcoin, Namecoin and Peercoin. It utilizes both Proof-of-Work and Proof-of-Stake mining.
The partnership with the world's leading tech giant is expected to increase the public use of the currency, which in turn will boost its price.
"The option to now invest into EmerCoin may have just gained traction. EmerCoin now has ties to a successful corporation, giving investors a sign of hope for growth" – CoinTelegraph