NEXO Cryptocurrency Making Assets Work for You Bringing Passive IncomeMarch 30, 2020
Nexo is reshaping the future, and this is the right time to identify which is the strongest of the cryptocurrency companies. There is a lot of speculation going on about where the price of the different cryptocurrencies is heading to.
Nexo Tweeted: “Your assets want to work for you! Generate #passiveincome from the comfort of your home by taking advantage of Nexo‘s, Earn Interest“ product for USD, EUR, GBP & Stablecoins. 8% APY paid out daily, #zerofees & $100M insurance on custodial assets.”
Nexo recently spoke about how the price-based liquidations of their collateral are protecting their clients. And, as well as of those who are earning the interest in their assets. Nexo is working in compliance with its fiduciary duties, despite it being against their business interests.
Nexo, in its tweet, expressed that it is empowering to see the whole of the world playing as a single team of late as the planet is catching breath. Further thanked the NEXO community for doing their part in this. Also, opined that just like the markets, everything in the world is interconnected.
Sydney Ifergan, the crypto expert, tweeted: “It is the stay and home season, and despite that, it is good to see Nexo cryptocurrency maintaining their norms. Best gold-backed credit lines. Testing times, though.”
Nexo understands the importance of liquidations and how it is important for the protection of investors. Individual interest and liquidity at the time of need are very closely connected. The current scenario is enough proof of it.
Nexo PAX Gold Credit Line
Nexo tweeted: “We are proud to announce that our PAXG-Backed Instant Crypto Credit Lines™ is now open to all clients! This marks a new chapter for gold, the benefits of its safe-haven status, and meeting investors’ burning demand. Making gold great again!”
Nexo with Pax Gold is not facilitating Instant Crypto Credit Lines with PAXG. Previously, these credit lines were meant only for institutional clients; however, due to the unprecedented demand, Nexo had purchased $5 million worth of PAXG to meet their investor requirements. They are working tirelessly to adapt the credit lines to suit the retail customers.
The utility features of the Nexo’s Instant Crypto Credit Lines have now greatly increased. The selling pressure is eased, and this encourages HODlers. Now gold investors will be able to borrow against their assets as opposed to selling them, when requiring liquidity—thus benefiting from the Nexo interest rates and tax-efficient services. This is indeed the best gold-backed credit lines.