NEXO, powered by CREDISSIMO, is the world's first instant crypto overdrafts. You can check out their website: https://nexo.io/. You can read their whitepaper here: Nexo-Whitepaper.pdf.
Nexo comes in when you want some cash but you don't want to liquidate your crypto holdings. You transfer your crypto to a wallet that is held by Nexo for the amount of money that you want to borrow. You get your beloved crypto back when you repay the loan. What Nexo essentially does is, it enables crypto holders to meet any immediate obligations, while maintaining their position to benefit from any upside potential. Disclaimer: The prices could be somewhat steep. For BTC 2.24, you can take a loan of $10,000. I may not use it personally unless I found myself in an emergency situation while also wanting to maintain my crypto position.
Overdraft value is based on the market value of the crypto that you put in the overdraft wallet. There's no minimum monthly repayment, if the outstanding overdraft balance is within the available overdraft limit.
You can view their one and half minute YouTube video here: Nexo - The World’s First Instant Crypto Overdrafts
Nexo comes without additional fees, such as exchange fees, taxes, hidden fees, etc. Its coverage is worldwide and their repayment options include USD, EUR, BTC, ETH, NEXO.
Nexo's application process is instant and automatic and quicker than other lending platforms such as Salt and ETHLend.
Nexo's features:
Free Credit Card with
Flexible Overdraft Limit
Multiple Repayment Options
Additional Virtual Credit Card
Payments in Local Currencies
No Monthly/Annual Fees
No Hidden Fees
Security:
State-of-Art Technology
Card and Wallet Encryption
24/7 Fraud Monitoring
24/7 Live Assistance
Technology:
Mobile Wallet App
Send/Receive Money Worldwide
Spending Analytics
Budgeting Tools
Enable/Disable Card Remotely
Infrastructure:
Visa
MasterCard
Apple Pay
Samsung Pay
Alipay
Android Pay
Nexo Vs. Competitors:
Nexo's clients include: crypto investors, crypto miners, Hedge funds.
For additional information and resources, you can go to Medium, Facebook, Twitter, Telegram. Beware of Fakes and Scammers and make sure that you visit their official links alone. If you come across dubious behavior, phishing attacks, fraudsters and imposters, you can always report to [email protected].
Skeptics
For everything under the sun, there will be skeptics. Nexo too has its own skeptics. A Steemit user, Mindhawk, writes:
Nexo is a horrible idea, I hope it fails. This is my entry.
Contest Post/ An entry for:
nexo2018
