Following the addition of Stellar (XLM) and Litecoin (LTC) to the list of accepted collateral for Nexo’s Instant Crypto Credit Lines™ which currently includes BTC, BCH, ETH, BNB, XRP and others, the company has now taken the next important step in expanding its ever-growing service by making Block.one’s EOS available for its credit line service.
EOS is the native cryptocurrency of EOS.IO and is designed to be secure, fast and user-friendly in order to propel the mass adoption of crypto. Their industry-leading transaction speed and flexible utility make it one of the most progressive networks currently in the blockchain space.
Allowing ЕОS holders to borrow against their assets rather than selling them when they need access to liquidity greatly increases the utility feature of the EOS token. It eases selling pressure and makes HODLing EOS easier in the long run while providing EOS holders with the added benefit of a markedly tax-efficient way of doing business.
Antoni Trenchev, Co-Founder and Managing Partner of Nexo commented on the largely anticipated new feature to the Nexo platform:
“EOS is a particularly valuable cryptocurrency to work with on the Nexo platform as it is specifically designed to push the adoption of crypto to new heights. At Nexo, we share in this common goal and are eager to watch the thriving of the EOS token and the consequent increase in Nexo’s addressable market, yet again expanding our quality crypto banking services worldwide.”
Renown venture capitalist and co-founder of EOS Alliance Brock Pierce also discussed the exciting new development:
“EOS and Nexo joining ranks in this partnership is sure to be the perfect shape to add to the sacred geometric puzzle that is the blockchain industry. It is bound to bring people a lot of joy by enabling them to create their own opportunities for wealth and prosperity now by utilizing the unlocked value of their EOS without having to sell it.”
With the new utilities for EOS and thе addition of yet another collateral option for Nexo, the two companies are setting a prime example of the financial freedom and flexibility cryptocurrencies and blockchain technology can offer.
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 and secure storage of all custodial assets with leading audited crypto custodian BitGo
- A minimum amount of $500, a maximum of $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
We look forward to the next time we can update you on our progress in creating the most valuable, flexible and inclusive crypto lending service.
Nexo is the world’s leading regulated digital assets institution for digital assets. The company’s mission from day 1 is to maximize the value and utility of digital assets by offering tax-efficient ‘Instant Crypto Credit Lines’, high-yield ‘Earn Interest’ products and ‘Send & Pay’ capabilities for our clients, while enjoying the $100 million custodial insurance and military-grade security of the Nexo Wallet. Since raising $52.5 million in 2018, Nexo has processed $1+ billion in 40+ fiat currencies for 500,000+ users across 200 jurisdictions.
Official website: https://nexo.io
EOSIO is a next-generation, open-source blockchain protocol with industry-leading transaction speed and flexible utility. Introduced in May 2017, it has since been widely recognized as the first performant blockchain platform for businesses across the world.
Official Website: https://eos.io
Block.one is a software engineering company specializing in high-performance blockchain software. In 2018, it published EOSIO, a free, open-source protocol designed to bring speed, scalability, and ease of use to the secure and transparent fundamentals of distributed databases. Block.one’s venture capital arm, EOS VC, invests in companies, projects, and developers around the world leveraging EOSIO technology.
Official website: www.block.one