LOANS PLATFORMS IN CRIPTOCURRENCIES: NEXO VERSUS COINLOAN.

In this article I want to highlight the main differences of two cryptocurrency platforms that are going to come out to the market very soon.

ANTIQUITY OF THE COMPANIES:

1.- NEXO is backed by its parent company Credissimo, a European finance group operating in the consumer loan market since 2007. This company is a pioneer in the area of ​​bitcoin cryptocurrency loans and has received 2 Forbes Business Awards included an Innovation Award for being the first company to offer an automated Chabot to offer loans to its clients.

2.- COINLOAN is a company whose business idea started in 2016. Recently it finished its ICO in which they have raised 3.2 million dollars. It has a European license with Registration for Economic Activities.

TOKEN CHARACTERISTICS

1.- The Nexo Token will serve to replace the loans and also to receive dividends.

2.- The Coinloan CLT Token will serve as payment for the services of the platform (the right to receive and issue loans) and also for the replacement of the loans.

RETIREMENT THROUGH CARD

_SOURCE

1.- NEXO offers a card for easy and fast withdrawal through ATMs.

2.- COINLOAN does not offer a withdrawal card. It will only be possible to withdraw by bank transfer. This is a great disadvantage since it can delay the withdrawal of money in several days.

ORIGIN OF THE FUNDS BORROWED

1.- NEXO offers its own funds, being a centralized solution, in the same way that traditional banks work.

2.- COINLOAN offers the funds of any user that wishes to provide them, being a P2P solution more in line with the new decentralized financial solutions that the blockchain technology is offering.