nexo card

Nexo Moving Ahead in 2020 Providing Crypto-Backed Loans

February 12, 2020 Off By Steven Anderson

Nexo is an instant crypto credit line, which permits one to borrow instantly in 45+ fiat currencies. The account is insured. Investors will be able to earn interest on their idle assets.

The details of how the Nexo Instant credit line works are as follows: 1. Investors can deposit their deposit crypto assets to their secure Nexo assets.  BitGo, the renowned custodian, secures the assets.  2.  The credit line becomes instantly available.

There are no credit checks in the process. Investors will be able to get instant, flexible credit line by making use of the fully automated process. 3. Users can spend money instantly by making use of card or withdrawing to a bank account.

They can spend from the credit line at any time with 5.9% per year APR on the credit used.  There are no minimum repayments or hidden fees involved in the process. The interest is debited from the available credit limit, and repayments can be made at any time.

NEXO Card and Nexo Mobile App

Sydney Ifergan, the Crypto Expert, tweeted:  “I see that Nexo investors can earn interest on USD, EUR, GBP, and on Stable coins.  The Nexo Card provides its customers with the best card in the blockchain space.  Investors can order their Nexo Card Now using the Nexo Mobile App.”

Nexo was the platinum sponsor of the #DASLondon event.  The event took place at The Rosewood Hotel in London, where future partnerships and collaborations were discussed. The event was institutionally focused. 

Antoni Trenchev, Co-Founder and Managing Partner at Nexo, spoke at the event.  After the game, he tweeted:  “Tokenization can solve some of the perils of the currently broken financial system. Instant settlement, social inclusion, and unlocking previously idle assets are all within reach.”

NEXO Price Trends

At the time of writing, the NEXO price was trending at $0.199752.  The 24-hour trading volume was at $15,908,280. The NEXO price has been up by 7.9% over the past 24 hours. The circulating supply of the token is at 560 Million coins with a max supply at 1 Billion coins.

NEXO facilitates 8% annual compounding interests. Thus, a great passive income source for investors. Deloitte continually audits the Nexo business.  A reputable board of advisors backs the process.  The token is asset-backed.  Since it facilitates a regular percentage of passive income, it can be called a haven. NEXO has a considerable upside potential powered by the expertise of Credissimo.

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