What You Need To Know About Nexo Digital Currency

Nexo is a brand new blockchain-based network that is designed to offer users that are interested in instant cryptocurrency-backed loans. At the present look of things, there are no means for digital currency holders to use their digital assets other than trading them at profitable rates. Nexo utilizes a business model that is highly innovative where users can keep 100 percent of their digital assets while having instant access to cash.

The company said these cryptocurrency-backed loans are a flexible, cost-efficient, and automatic means of procuring liquidity which is secured by the value of the digital assets of the client. The process of obtaining a loan is pretty simple and can be completed in few minutes. Some of the most significant benefits of using this platform include no credit checks, no capital gains taxes, and no hidden charges.

SEE ALSO:   Ethereum vs EOS Prediction: Can Ethereum Survive The Competition? As EOS Plans To Join the Battle for Dapps This Year - Crypto News Today

The Platform’s Overview

  • The business teams and core developers of Nexo comprise of individuals that have been in the fintech industry for over ten years.
  • The advisory board of the company comprises of a lot of prominent members of the finance sector, including Polymath and TechCrunch founders.
  • Nexo firmly is monitored by several European regulators of financial and banking services.
  • The company has a very friendly and easy to navigate user interface that is augmented by a high level of anonymity and privacy.
  • The token of Nexo is compliant to the US Security and Exchange Commission.
SEE ALSO:   Rick Hilton Set to Sell a 16th Century Mansion through Blockchain Auction

How the Platform Works

The business model of the company is unique and it is aimed at providing clients with instant cryptocurrency loans, hence, making digital assets more valuable. The platform works in a very simple and straightforward way. If you want to borrow money from the system with cryptocurrency, you need to transfer the cryptocurrency to the Nexo Wallet. After which, you will receive an instant loan. After repaying the loan, you get to withdraw your crypto from Nexo Wallet. That’s all.

loading...

Legal Disclaimer: The content of this website (smartereum.com) is intended to convey general information only. This website does not provide legal, investment, tax, etc advice. You should not treat any information on smartereum.com as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser. Neither smartereum.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from smartereum.com.

SEE ALSO:   Ethereum Referred To As the King of Decentralized Apps as It Gains 50k Developers Every Month

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Smart About Crypto!


Promise we won’t spam you!

We Are Hiring

Click here if you would like to join one of the fastest growing blockchain news companies in the world!