However, Nexo is more than just a loan provider. It facilitates a win-win situation for the crypto community, allowing them to retain full ownership of their digital assets while having instant access to liquidity. With no hidden fees, no capital gains tax, and no credit checks, Nexo's instant crypto-backed loans are a transparent, automatic, flexible, and cost-effective way to leverage the value of digital assets as collateral.
Nexo is supported by Credissimo, a leading fintech group that has been serving millions of people in Europe for over a decade. Operating under the highest regulatory requirements and strict supervision of multiple European banks and financial services regulatory bodies, Credissimo's experience and support bolster Nexo's credibility.
Nexo's cutting-edge technology and automated processes ensure seamless operations for its business model. The Nexo Oracle, a system for maintaining various components of business processes, is linked to users' Nexo wallets and provides real-time confirmation of credit line balances, transaction approvals, and detailed notifications.
The company is also developing loan contracts, instant data integration, repayment analysis modules, automated notifications, and modeling and algorithm development – all aimed at ensuring a smooth operation and prompt business decisions.
In addition to instant crypto-backed loans, Nexo offers its customers the Nexo Card, a Mastercard that operates on the blockchain and can be used globally free of charge. Compatible with the user's wallet, it does not charge any commissions during transactions.
Overall, Nexo is at the forefront of a revolutionary shift in the crypto world, providing essential financial services while empowering individuals to retain control of their digital assets.
