Nexo is now named an official credit partner to the Litecoin Foundation. Both of these two enterprises are now bringing their communities together providing for greater access to their financial services and eventually providing for a fairer financial market.
Nexo tweeted: “We are now an official credit partner to the Litecoin Foundation! Nexo and @LTCFoundation join forces for a fairer financial marketplace, bringing together our communities to promote wider #crypto and #blockchain adoption.”
Antoni Trenchev, Co-founder and Managing Partner of Nexo expressed, “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.”
Charlie Lee, creator of Litecoin and the Litecoin Foundation Managing Director 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.”
Of note, LTC was included as a Collateral in Nexo Finance in year 2019. Ever since, Nexo Finance have introduced the Earn on Crypto and Fiat suite, which makes it possible for users to earn up to 5% interest on their digital assets, which includes LTC, and 10% on the fiat currencies, which are deposited on the platform.
Sydney Ifergan, the crypto expert tweeted: “I think, Nexo Finance are expanding their capabilities by bringing almost every cryptocurrency in the blockchain space under their umbrella.”
There are several strategic partners with Nexo like TRON, Chainlink, and Huobi. As a regulated financial institution, NEXO enjoy the trust of cryptocurrency investors. They continue with their mission of maximizing on the utility of cryptocurrencies by providing ‘Instant Crypto Credit Lines’, which give high yield “Earn Interest” products, which users can “send and pay.” The important of all, these investments are tax efficient.
Nexo have to state they have processed $3+ billion for 800,000+ users across more than 200 jurisdictions.
Nexo Finance Redesigning Finance
Nexo are definitely redesigning finance. They are doing a lot to ensure that their platform is as user friendly as possible. The verification limits and transactions per page have a renewed look. Thus providing a smoother experience for users.
NEXO is doing the job of a bridge between the traditional financial markets and the crypto space. They are doing their best in the world where DeFi and CeFi are doing their best to attract users.
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