Nexo Launches Platform for the World’s First Instant Crypto-backed Loans

Monday, April 30th, 2018. The Nexo platform is live. And so the world’s first instant crypto-backed loans start going out to the earliest Nexo clients. This flags a remarkable milestone for Nexo as a company, but more importantly, it marks a game-changing moment for the entire crypto community and the blockchain space as a whole. No longer will investors and businesses have to make the difficult choice of access to cash or holding their cryptocurrencies. Nexo delivers a fully-automated, smooth experience, combining the best of both worlds, allowing clients to enjoy their crypto wealth without having to sell it. And it all happens at the touch of a button.

A Thank You Note

The Nexo team would like to take a moment and thank you, the Nexo supporters and advisors, for your confidence in us and ongoing feedback. Without it, we would not have been able to meet every deadline and deliver on every promise that we have made to you. A short while ago, we embarked on an exceptional journey together, we asked for your trust, financial commitment and support.

Today, we have delivered a live product, something very few companies within the blockchain realm can boast.

Almost all funds that investors have placed with us will go back to the community in the form of financing, thus instantly providing liquidity and contributing significantly towards the overall growth of the blockchain industry we all cherish. Being of service to the community is what Nexo stands for.

The Platform

You are now able to experience the Nexo platform first-hand. We have dedicated a lot of time and effort to combine simplicity with functionality, robust security with seamless onboarding and interface flow.

Four steps that simply work:

  1. Deposit Crypto Assets to Your Secure Nexo Wallet
    Your assets are held securely by the most reputable custodian BitGo.
  2. A Loan Becomes Instantly Available. No Credit Checks
    Through our fully automated processes, you receive an instant flexible credit line. Since your crypto is backing the loan, no credit checks and burdensome procedures are required.
  3. Spend Money Instantly by Card or Withdraw to Your Bank Account
    Start spending fiat instantly from your credit line and pay interest only on what you use. You can access your cash via the free Nexo Credit Card or request a transfer to your bank account.
  4. No Minimum Repayments. No Hidden Fees
    Flexibility at its finest — make repayments at any time or let the interest be debited from your available limit.

Feel free to create an account and explore it for yourself. We are constantly striving to better our product, so feedback and recommendations are welcome. Valid points will naturally make it to the pipeline.

On a related note, Nexo is proud to be ahead of schedule on several important matters, most notably implementing a fully automated KYC/AML solution and also supporting loans in EUR, besides USD. We believe this will bolster even further your confidence in Nexo Team’s ability to deliver and help answer the question “Why Nexo”.

Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!

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