Following the release of the long-anticipated Earn on Crypto and the recent distribution of Nexo’s Third Dividend, we have yet another improvement to announce: Nexo has lowered the minimum borrowing amount to just $10!
Here are the details:
- The minimum amount for the Instant Crypto Credit Lines is now only $10 when withdrawing in stablecoins.
- This is the lowest credit minimum in the entire crypto lending industry.
- By lowering the threshold for crypto credit, Nexo is improving accessibility to quality banking services and working to democratize finance.
- Nexo’s initial goal was to bring the credit line minimum to $100, however, our numerous accomplishments allowed us to exceed our own expectations with a new minimum of just $10.
Traditional finance’s high thresholds for credit are among the main obstacles for underbanked people across the globe. The new realm of digital finance has the unique opportunity to solve this inequality and the responsibility for harnessing this potential falls upon crypto lenders.
Providing a smaller borrowing minimum is a fundamental part of Nexo’s mission to democratize finance and has been a long-term goal for the company since 2018. Nexo is beyond happy to have reached a point in its development where we can begin reshaping the financial world, starting with our new credit line minimum of $10.
We are delighted to have reached this milestone and look forward to seeing its positive effects.