Nexo Excited about collaborating with Chainlink Dynamic Expansion Continues

Nexo are excited about their strategic collaboration with LINK. Several of them have already made their deposits and are excited about being able to earn.  The dynamic expansion of the Nexo Products continue.

The partnership is based on their shared belief in Defi and common goal of driving the digital finance industry in to the mainstream.

Nexo tweeted:  “Nexo’s dynamic expansion continues: You can now borrow & earn with $LINK! Nexo’s collaboration with @chainlink allows investors to borrow against their assets while benefiting from Nexo’s unrivaled interest rates and superior tax-efficient service.”

LINK is the native token of ChainLink.  It has been added as an available asset for the Instant Crypto Credit Lines TM and the Earn on Crypto.

Link-backed loans will now permit investors to borrow against their assets as opposed to selling them.  They will benefit from the competitive interest rates of Nexo.  Nexo have to state that they are unrivalled when it comes to interest rates.  They also claim to provide for a superior tax efficient service.  The utility is the asset is increased and the selling pressure is decreased.

The advantages listed are 5% interest on link, 5.9% APR in borrowing rates on what is actually used. Minimum credit line amount at $500 and maximum at $2M, Top-tier Insurance on custodial assets, zero fees without hidden fees or FX commissions, local bank withdrawal in 24 hours. No installments.  No minimum loan repayments.  Guaranteed instant approval that is automated with no credit checks.  Made available in 40+ fiat currencies across 200+ jurisdictions.

Antoni Trenchev, Co-founder and Managing Partner at Nexo, stated that the future is decentralized and that transparency will be demanded from users and we all need to make proper arrangements with the safety of everyone’s funds.

Sydney Ifergan, the crypto expert tweeted:  “Transparency and security are already basics in the crypto currency industry.  Nexo are doing their part in ensuring it.”

Nexo Continuing their Lending Mission

Nexo recently expressed that UK millennials with £25K+ in investable assets are increasingly putting money into cryptocurrency.  The FCA has reported that 2.6M UK consumers have purchased digital assets in the past year, marking a 1.1M annual growth in investors.

Of note, Nexo is now offering 5% on bitcoin (BTC), bitcoin cash (BCH), ether (ETH), XRP, EOS, Stellar (XLM) and Litecoin (LTC), which is nearly half of the 10% which Nexo users earn on fiat currencies and stablecoins like USDT, DAI PAX.