TV-TWO Partner Spotlight: NEXO – tvtwocom
In this new section of our TV-TWO blog, we would like to zone in on our biggest partners and their services. At the same time, we will use the chance to present the status quo of the crypto world, which we are jointly forming and nurturing day in, day out.
Ever since our announcement on May 29, 2019, TV-TWO has worked closely with the world’s first instant crypto credit line provider NEXO. Without providing any financial advice, we believe Nexo is definitely worth investigating as it provides an answer to the everlasting HODLing issue and the emerging negative interest environment. Practically, Nexo is tomorrows Savings account.
A savings account is an interest-bearing deposit account held at a bank or other financial institution. Though these accounts typically pay a modest interest rate, their safety and reliability make them a great option for parking cash you want available for short-term needs. (Investopedia)
In essence, the savings account provides a secure storage, interest and liquidity. However, given the emerging negative interest environment, savings account are about to turn into fee eating cash storages. This is why the crypto community already abandoned fiat and started HODLing crypto. While security is granted through cold storage, it seems like we are missing out on the paid interest and liquidity. This is where Nexo comes into play.
Security?
Insured custody player BitGo ($100 million USD in insurance protections!) has partnered with Nexo to secure all crypto assets. BitGo investors include Goldman Sachs and the platform is SOC 2 Type 2 certified.Interest?
8% interest rate on your assets, including Euro and stablecoins (BTC, ETH, XRP following soon!), with compound interest paid out daily.Liquidity?
Withdrawing your assets at any time or taking advantage of Nexo’s fully operational instant lending platform with seamless user experience and military-grade security with 256-bit encryption — choose according to your preference.
Sounds like it is about time to turn your cold storage into hot earnings, while keeping full security. Let’s make sure to take a look at this one and become EARNers.
Here is how Nexo works:
The Nexo Instant Crypto Credit Line
1. Simply deposit Crypto Assets to your secure Nexo account
2. Your personal Credit Line becomes instantly available, with no credit checks needed
3. Spend money instantly through your Nexo Card or withdraw to your bank account
The Nexo Interest Offering
1. Open your secure Nexo account, both personal and business are available
2. Transfer your fiat money (USD, EUR, GBP) to your Nexo account — Bitcoin, Ethereum and Ripple will be added soon
3. Start earning high-yielding passive income with 100% asset-backed guarantee
Nexo credit lines are the only instant offering with 45+ fiat currencies that comes with no minimum repayments and no hidden fees. Nexo is the largest and most trusted lending institution in Decentralized Finance (DeFi) with over 300k users served, USD 700,000,000 processed and over USD 1,000,000,000 instant loan request delivered. Check it out: Nexo.io
After all, Einstein already said: “Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn’t, pays it.”
Published at Sun, 29 Dec 2019 15:25:44 +0000
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