Nexo’s retail offering is well-known in the crypto community and is even moving into mainstream investment. But what many people aren’t familiar with is the B2B side of our business, namely the Earn API, which is now gaining serious momentum. Most recently, our B2B API offering saw its 11th integration by crypto and fiat payment platform Advcash.
Earn API Is Taking Off
Our Earn API is a highly customizable B2B product that wallets providers and various other financial platforms can integrate into their environment, allowing their clients to earn compounding interest on their idle crypto and stablecoins.
The Nexo Earn API is responsible for the yield-generation services of no less than 11 other platforms, among which six exchanges and the keyless crypto wallet ZenGo. Having our proprietary API underpin a significant number of savings accounts even beyond those of the Nexo Wallet, helps grow Nexo’s assets under management and introduces even more clients to passive income and our Earn Crypto Interest suite.
The Advcash Integration
Advcash creates a unified environment for both fiat and cryptocurrencies with fast, flexible, and innovation-driven accounts that clients can use to manage their assets efficiently. Now that Nexo’s Earn API features in the popular multi-asset platform’s arsenal, our competitive yields on digital assets are available to more than four million Advcash users.
This creates user-friendly exposure to our 8% compounding interest p.a on 16 different assets for users directly within their Advcash accounts with zero hassle and the intuitive interface of the wallet they are familiar with. With this mutually beneficial partnership, Nexo joins Binance, Kraken, Bitfinex, and others as one of Advcash’s prominent partners.
What Our Specialists Have to Say
Michael Bezrukov, Chief Product Officer at Advcash expressed the benefits of the partnership from our partner’s perspective:
Our vision for Advcash is a financial ecosystem for the crypto community and beyond where you can do as many things as possible in the same familiar, seamless environment. To accomplish this, we have been adding both native features as well as products built in partnership with some of the leading names in crypto. Thanks to our Binance integration, our first joint effort, coin deposits to wallets on the exchange are just a click away. Nexo’s crypto savings wallets with their attractive yields are an exciting addition, the first of its kind on our platform. Finally, our customers can not just buy or sell crypto in Advcash, but also turn their assets into a great source of passive income. It is definitely a very promising synergy for us.
In the meantime, our very own Business Developer and host of our infamous Nexo Brainer series, George Manolov stressed how important developing a strong API infrastructure is for the future of businesses:
In an increasingly digital world, a well-developed API offering will soon be quintessential for all successful industry leaders. Nexo remains ahead of the game with our existing API integrations and continued work with prominent partners like Advcash who help bring our high yields to more people across the globe.
Mutually beneficial business is at the heart of a functional financial system. At Nexo, we are proud to be developing products that aid other players in the ecosystem while simultaneously boosting our own enterprise. We look forward to growing our Earn API and B2B offering further in the near future.
Nexo is the world's leading regulated digital assets institution. The company’s mission is to maximize the value and utility of cryptocurrencies by offering tax-efficient Instant Crypto Credit Lines™, a high-yield Earn Crypto Interest suite, an instant Exchange service, and sophisticated trading and OTC capabilities, while providing the top-tier custodial insurance and military-grade security of the Nexo Wallet. Nexo has processed $50+ billion for 2,500,000+ users across more than 200 jurisdictions.
Advcash is a payment platform combining crypto, fiat and prepaid card features. E-wallets in multiple currencies have a range of deposit and withdrawal options available both locally and internationally. ADV-branded prepaid cards allow for easy international POS and ATM transactions. Merchants can choose from a range of payment processing and payout automation instruments.