We’ve retired our Medium blog. For the latest news, visit nexo.io/blog
The blockchain community has spoken and we have listened — XRP is the newest collateral option for Nexo’s instant crypto loans!
XRP is the third largest cryptocurrency and is one of the fastest and most scalable digital assets, aiming to enable real-time global payments anywhere in the world.
Nexo continues to push the boundaries within the crypto-lending space by becoming the first lender ever to start accepting XRP as collateral for crypto loans,
thus providing an incredibly powerful utility feature to the cryptocurrency.
XRP holders now have the ability to instantly borrow against their asset rather than sell it when the need to access to cash arises. This makes HODLing XRP even more straightforward, as it eases selling pressure and provides the most tax-efficient model for managing personal finances.
Nexo is the most advanced and beloved platform for instant crypto loans, and the only blockchain company to provide its services in 40+ fiat currencies and more than 200 jurisdictions. The security of clients’ funds is guaranteed by the Goldman Sachs-backed custodian, our partner BitGo, so that clients can enjoy their loans of up to $2 million per individual account.
We have taken it upon us to provide even more collateral options for Nexo’s ever-growing customer base with Litecoin (LTC) and Bitcoin Cash (BCH) being the most imminent additions, as indicated by the community poll.
See the article below and take out your first instant Nexo loan secured by XRP today in just three easy steps!
