Nexo – The World’s First Instant Crypto-backed Loans. Powered by Credissimo – A Leading FinTech Group serving millions of people across Europe for over 10 years. https://nexo.io

Nexo : Nexo – The World’s First Instant Crypto-backed Loans

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12 COMMENTS

  1. but then, after you spend your loan the amount of crypto on your nexo wallet will be decreased by their coin price equivalent, which must be higher then general market price on that crypto

  2. This system doesn't really align with the vision of Bitcoin wich is ment to be a solution for the debt based system. Nexo is still based on debt wich is just a different form of the debt based system. Satoshi wanted to create a peer to peer decentralised currency (so no 3th party) based on real value instead of future value. If you don't own your private keys you don't own the bitcoin. To be nuanced, yes it is nice to make a bridge for people who want to pay their expences based on their BTC savings. But I would rather wait a few years on a mainstream adoption of cryptocurrencies and pay your coffee with your own real BTC or ETH. If you are using cryptocurrencies because you want to make a statement against the old money system I wouldn't use Nexo.

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