In a shared effort to promote crypto and blockchain adoption, Nexo has now been named an official credit partner to the Litecoin Foundation. The two enterprises have come together to bring their communities greater access to financial services and a fairer financial market.
“We are honored to officialize our work with the Litecoin Foundation after a successful history together. LTC is among the oldest digital currencies – a ‘heritage brand’ in crypto, as it were, so we are very excited to be part of its future growth,” said Antoni Trenchev, Co-founder and Managing Partner of Nexo.
Commenting on the partnership, creator of Litecoin and the Litecoin Foundation Managing Director Charlie Lee said: “We are excited to give adopters more ways to grow their Litecoin holdings. We look forward to working with Nexo and see this a starting point for innovation for the future.”
Litecoin (LTC) is a cryptocurrency built on the premise of quick confirmation times and low transaction fees. With a market cap valued at over $3 billion, Litecoin is one of the most reputable and longest circulating digital assets today.
In 2019, LTC was added as a collateral option on Nexo. Since then, we introduced the Earn on Crypto suite, which enables users to earn up to 5% interest on digital assets, including LTC, and 10% on fiat currencies deposited on the platform.
By working together, Nexo and Litecoin expand their capabilities and offerings to build a larger, stronger and more sustainable digital assets ecosystem. This announcement builds on Nexo’s many strategic partnerships with leading companies in this space including TRON, Chainlink, and Huobi.
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’, high-yield ‘Earn Interest’ products, ‘Send & Pay’, and sophisticated trading and OTC capabilities, while providing the $100 million custodial insurance and military-grade security of the Nexo platform. Nexo has processed $3+ billion for 800,000+ users across more than 200 jurisdictions.
Official website: https://nexo.io
About Litecoin Foundation
The Litecoin Foundation is a non-profit organization whose mission is to advance Litecoin for the good of society by developing and promoting state-of-the-art blockchain technologies. Registered in Singapore, the Foundation comprises full time and volunteer support from around the globe.
Official website: https://litecoin.net