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Bitcoin Cash Now Available As Collateral for Nexo’s Instant Crypto Credit Lines

Dec 10, 2019·2 min read
Bitcoin Cash Now Available As Collateral for Nexo’s Instant Crypto Credit Lines

Nexo, the most successful crypto lender in the world, is extremely pleased to announce that it has once again expanded its ever-growing service by adding Bitcoin Cash (BCH) to the list of accepted collateral for its signature Instant Crypto Credit Lines.

Bitcoin Cash is one of the biggest cryptocurrencies in the blockchain space. Its network is designed to be able to process a larger transaction capacity, thus providing its users with the flexibility to work with low-cost micro-transactions as small as 10c (USD), as well as significantly larger business transactions.

Onboarding Bitcoin Cash to Nexo’s Instant Crypto Credit Lines greatly increasing the asset’s utility features, eases selling pressure and makes HODLing easier in the long run.

Nexo’s new BCH-backed credit line allows investors to borrow against their assets rather than selling them when in need of liquidity. Better still, BCH holders will get to enjoy Nexo’s completely industry-leading interest rates and superior, tax-efficient service.

Bitcoin.com CEO Stefan Rust commented on Nexo’s incorporation of Bitcoin Cash into the Instant Crypto Credit Lines:

“More and more companies are seeing the ever-rising activity on many fronts around BCH and wish to take part in the action. It is great to see Nexo joining the foray with such interesting and compelling new financial services.”

BCH’s popularity and multiple, versatile use-cases make it the perfect partner for Nexo as we work towards providing our excellent services to all crypto users worldwide.

Get an Instant BCH-Backed Credit Line

Nexo’s Instant Crypto Credit Lines™ offer considerable advantages:

  • The best borrowing rates starting from 5.9% APR and only on what you use
  • $100M insurance on all custodial assets provided by leading audited custodian BitGo
  • A minimum amount of $500, a maximum $2,000,000 (larger amounts available upon request)
  • Automated and guaranteed instant approval with no credit checks
  • No installments and no minimum loan repayments
  • Same/next day free local bank withdrawals
  • Available worldwide in 200+ jurisdictions
  • Available in 40+ fiat currencies (USD, EUR, JPY, etc.)
  • #ZeroFees — no hidden fees, no FX commissions

See this quick guide on how to access Nexo’s instant crypto-backed loans in three easy steps.

We look forward to the next time we can update you on our progress in creating the most innovative crypto lending service in the blockchain space.

About Nexo

Nexo is the world’s leading regulated digital assets institution for digital assets. Since raising $52.5 million in 2018, the company has processed $1+ billion in 40+ fiat currencies for 500,000+ users across 200 jurisdictions. Nexo’s mission is to maximize the value of digital assets by offering tax-efficient ‘Instant Crypto Credit Lines’, high-yield ‘Earn Interest’ products and ‘Send & Pay’ features to our clients, who also enjoy the $100 million custodial insurance and military-grade security of the Nexo Wallet.

Official website: https://nexo.io

About Bitcoin Cash

Bitcoin Cash is a peer-to-peer electronic cash system with a permissionless, decentralized cryptocurrency that requires no trusted third parties and no central bank.

Bitcoin Cash is one of the biggest cryptocurrencies in the blockchain space. Its network is designed to be able to process a larger transaction capacity, thus providing its users with the flexibility to work with low-cost micro-transactions as small as 10c (USD), as well as significantly larger business transactions.

Official website: https://bitcoincash.org/

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