Nexo’s Recovery Shows Crypto Credit Storm May Have Settled
The crypto bear market had largely been brought about by the crash of various lending platforms. Crypto lending firms such as Voyager Digital and Celsius had quickly gone into bankruptcy after being unable to keep up with the market decline. Others, such as Nexo, had felt the heat from these crashes as a result of […]
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The crypto market is on fire, and Bitcoin prices have never been higher. Each passing day you see social media posts sharing pictures of Rolexes, new luxury cars, and, best of all, pictures of BTC investors sharing their dream homes. People are cashing out their coins and starting the business ventures they’ve always dreamed of. […]
Nexo has officially launched its cryptocurrency credit card in collaboration with Mastercard after announcing the project back in 2019. Major cryptocurrency loan company Nexo has officially launched a crypto-backed Mastercard card enabling users to pay for services with cryptocurrencies like Bitcoin (BTC) without selling their crypto.Nexo has partnered with Mastercard and the peer-to-peer payment startup DiPocket to launch the Nexo Card, a crypto card allowing cardholders to use their crypto as collateral rather than selling it, the firm announced to Cointelegraph on Wednesday.The card is....
Cryptocurrency Takes Money 20/20 by Storm. Las Vegas, Nevada – November 5 marks the end of Money 20/20, but the cryptocurrency presence in the world of finance is growing and getting stronger. Money 20/20 is the leading global event for innovation in money that sold out this year and had more than 7,500 attendees. Cryptocurrency was one of the six central themes of the conference. The six major payment themes were point of sale evolution, payment security, cryptocurrency, globalization of commerce, new credit models, and new partnerships and acquisitions.
Bored Ape Yacht Club and CryptoPunks NFTs are two of the options supported as collateral for crypto credit lines on the platform. Nexo, the crypto borrowing and exchange platform, has launched an NFT Lending Desk in partnership with NFT hedge fund Three Arrows Capital. The new lending desk caters to over-the-counter, or OTC, clients to offer crypto credit backed by NFTs. Nexo is one of the first crypto lenders to allow customers to borrow stablecoins, ETH, and other cryptocurrencies using certain NFTs as collateral. The company stated that in its initial iteration, the service will accept....
Bitcoin is currently the center of attention but savvy investors have also noticed that Nexo token has rallied 480% in the last 3 months. Over the past three months NEXO token, the native asset of Nexo’s blockchain-based lending platform, has increased by more than 480%. Since Bitcoin (BTC) traded for $10,000, NEXO price has closely tracked BTC but the performance is somewhat lackluster when compared to the 1000% rallies seen from a handful of DeFi tokens. NEXO/USDT daily chart. Source: TradingViewThe project was initially revealed by the European FinTech Group Credissimo in late 2017 and....