UPDATE: XRP Deposits and Withdrawals Now Enabled On NEXO

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Nexo continues to push the boundaries within the crypto-lending space by becoming the first lender ever to start accepting XRP as collateral for crypto loans, thus providing an incredibly powerful utility feature to the cryptocurrency.

XRP holders now have the ability to instantly borrow against their asset rather than sell it when the need to access to cash arises. This makes hodling XRP even more straightforward, as it eases selling pressure and provides the most tax-efficient model for managing personal finances.

Nexo is the most advanced platform for instant crypto loans, and the only blockchain company to provide its services in 40+ fiat currencies and more than 200 jurisdictions. The security of clients’ funds is guaranteed by the only SEC-approved custodian, our partner BitGo, so that clients can enjoy their loans of up to $2 million per individual account.

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