NEXO | INSTANT CRYPTO-BACKED LOANS

The crypto-currency market is rapidly growing as numerous crypto-currency exchange platforms are being created in order to help the crypto-currency market attain a great height and achieve perfection.

These platforms have been contributing in one way or the other in order to make sure that efficiency is achieved in the crypto-currency world.

Here is a great crypto-currency platform, which is the first of it's kind and plans to help incorporate the use of crypto-currencies into our daily life, which will ensure efficiency.

The #Nexo instant crypto-backed loans platform is a crypto-currency exchange platform which will give the crypto-currency owners an opportunity to enjoy and taste the utilities or benefits of their digital assets without having to sell them.

This is a global platform that will enable the digital asset owners to exchange their digital assets for a loan, depending on the assets worth, following the market price without stress, and without paying any extra charge and with the easy verification process.

Wow!!! This is really a big break for the digital asset owners and the crypto-currency market at large, as multitudes will now invest in the system and also retain it while enjoying the benefits it has to offer.
All this has been made possible by Nexo...

NEXO'S APPROACH TO ACHIEVING THIS

This great advancement still begs the question of: How does Nexo plan to achieve this?

Here is Nexo's approach.;

• The interested digital asset owner transfers digital assets into the Nexo wallet, using the blockchain smart contracts, Nexo verifies the received assets and calculates it's loan worth depending on the asset's market worth.

• The loan which is in fiat form is transferred to the asset owner, either by bank transfer or the Free Nexo credit card.

• The client can repay the loan by bank transfer or pay using the Nexo tokens ( this particular payment method attracts an amount of discount).

• The client can also pay back by selling part of his deposited assets in their Nexo wallets.

Once the repayment has been received by Nexo, the Nexo Oracle records the transactions using the blockchain technologies and updates the loan limits.

The client can then withdraw part of their digital assets if the repayment is not completed.
But they can make a complete withdrawal of their digital assets once the loan has been repaid in full.

BENEFITS OF THE NEXO PLATFORM

The Nexo instant crypto-backed loans platform create opportunities for a lot of benefits to be enjoyed by the digital asset owners.
Such benefits are;

• A quick access to cash.

• Retained ownership of the assets as the Nexo platform has made it needles to sell the digital assets when they are in need of cash.

• Ensured transparency due to the use of the blockchain technologies.

• Needles to pay any extra charges and many more benefits.

CONCLUSION

The Nexo instant crypto-backed loans platform has brought a great boost to the crypto-currency world.

It will provide an avenue for digital asset owners to have access to instant cash when they need it, just by depositing their digital assets with the Nexo platform and in turn get a loan from them.

They eliminate the need of selling their digital assets thereby maximizing profits in due time.

Connect With NEXO

AUTHOR
Bitcointalk Username	Cryptograce
Bitcointalk Link	https://bitcointalk.org/index.php?action=profile;u=1659312