Those who have deposited their $PAXG into their Nexo Wallet are steadily earning interest.  Now, NEXO has to state it is the time for a deep dive into tokenized gold. NEXO has to state that Gold no longer just “sits there and looks at you.”

Stella Zlatareva, from the Nexo Editorial Team recently summarized their stand by stating, “Gold’s worth no longer solely derives from the (undeniable) value bestowed upon it by social agreement.  The archaic dependence on gold certificates to prove gold ownership can be phased out thanks to tokenization.  The rising adoption of tokenization in the age-old gold market signals a rapprochement between digital asset enthusiasts and volatility-averse crypto skeptics.”

Sydney Ifergan, the crypto expert tweeted:  “Very soon tokenized gold will be something that everyone will be accepting as something of value as Nexo Finance focuses to make it to be.”

The pandemic has time and again proven that gold continues to be relevant in one way or the other. Nexo Finance are propagating the idea of “not your keys not your gold.”  They point to how gold certificates can be easily manipulated, counterfeited, deliberately over issued, duplicated, and poorly administrated.

The new bargain is between physical gold, paper gold, and tokenized gold in the debate.  The idea of being able to earn interest on tokenized gold, makes things all the more interesting. Nexo Finance have to claim that the idea of proof of gold ownership with private keys is at par with traditional ownership certificates and this is an ideal that is gaining recognition among generation of investors.

Nexo Finance Crypto Supports

The XRP community are excited with the latest support for XRP provided by NEXO Finance. It is exciting to see the list of cryptocurrencies supported by Nexo Finance is growing by the day. Some of them went to the extent of stating that they are not going to doubt Nexo anymore. They also expect more of users to return to Nexo.

Nexo Finance recently tweeted:  “We are thrilled to inform the $XRP community that Nexo will support the Spark /@FlareNetwork airdrop. We will announce more details at the beginning of December.”

Some of them were left wondering why do you need an announcement in December? You have XRP you get Spark, that’s how it should be.

Concerns apart Nexo Finance are supporting more of crypto and the community overall is excited.

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