Nexo, the world’s first instant crypto-backed loan service powered by Credissimo, has added XRP to its growing platform. We can see from the above screenshot that XRP deposits and withdrawals are currently disabled for the time being. We await the Nexo team’s official launch announcement regarding active XRP-backed loans.
Nexo delivers the World’s First Instant Crypto-backed Loans, thus resolving a crucial inefficiency for the crypto world. Up to this very moment, no alternatives existed for digital asset owners to enjoy their crypto wealth except selling them. The innovative model of Nexo brings to the crypto community the best of both worlds – retaining 100% ownership of their digital assets while having immediate access to cash. The Instant Cryptobacked Loans are an automatic, flexible and cost-efficient way of obtaining liquidity that is secured by the value of the client’s digital assets. The whole process is completed in just a few simple clicks. No hidden fees, no capital gains taxes, no credit checks. Transparency is guaranteed through the use of blockchain technology, smart contracts and algorithmic processes executed by the Nexo Oracle.
Nexo is powered by Credissimo, a leading FinTech Group serving millions of people across Europe for over 10 years. Credissimo has always operated under the highest regulatory requirements and strictest supervision by multiple European Banking and Financial Services Regulators.
Now the same Team and its Board of Advisors, empowered by the evergrowing community of Nexo supporters and enormous demand for theInstant Crypto-backed Loans, are unlocking the value of digital assets in a rapidly expanding token economy that will alter the very fabric of a $5 trillion dollar market.