Nexo - Lending, Exchange & Wallet

[Enwapame Lee]

Popular banking institution, Nexo has revealed the purchase of $5 million worth of PAX Gold (PAXG) as it looks to meet the public need for tokenized gold lending and borrowing services.
This latest purchase has accelerated the market cap of PAX Gold (PAXG) with the value rising to over $11 million making it twice the size of the next biggest digital gold token. This development has been in the works since Nexo announced that its instant Crypto Credit Lines would support PAXG.

Increase In Demand For Tokenised Gold Led To The $5 million Investment By Nexo

According to Nexo, there was an increased demand by their clients who desired to exchange popular coins like BTC and ETH into tokenized gold which highlights the growing interest in PAX.
This led to the firm to investment $5 million in PAXG which would be sufficient to cater to the demands of its OTC customers. The blockchain financial platform also reveals that the investment would also lead the firm to expand its operations with the Tokenised Gold trading sector.
Meanwhile following this major investment from Nexo, Paxos the parent firm of PAXG has also revealed a strategic partnership with BitGo. The partnership is set to see the blockchain security platform provide support for PAXG across its Hot and Cold wallet solutions.

BitGo Latest Firm To Integrate PAXG Support In Its Wallets

BitGo is a major player in blockchain security with the firm pioneering multi-signature security in 2013 and has developed several solutions.  With this partnership, PAXG users would be able to store tokens on BitGo's wallets and the coin would be further exposed to more users.

News source: https://www.cryptoknowmics.com/news/nexo-purchases-5million-worth-of-pax-gold-paxg-tokens

[CryptoRobotic]

Nexo and Mastercard launch 'world's first' crypto-backed payment card

Nexo Card allows you to make purchases without having to sell your cryptocurrencies, which are used as collateral to secure the loan provided. The card is linked to the user's Nexo Instant Crypto credit line.

⚡️ You can issue a virtual card and use it with Apple Pay and Google Pay.

P.S. last month CryptoRobotics also started cooperating with Nexo.io, so you can use it without verification with Us!

https://cryptorobotics.co/ido/

So, check our website, and let's start trading!
 

[Mrsooduraske]

Great!

[MrD]

Just got this today.

Quote

 

Today, we finally have the domain name everyone thought we had. Meet nexo.com.

We spared no effort in acquiring the most credible domain, convinced that having established ourselves as an industry leader warranted a four-letter .com name. 😎

Starting today, the vast range of Nexo products you know and love has a new home:

Our Website: nexo.com
Our Platform: platform.nexo.com

Changes to Our Emails

You will gradually receive all official Nexo communication via @nexo.com email addresses in the coming weeks.

Example: You now receive important communication from Nexo via [email protected] and [email protected]. These will move to [email protected] and [email protected], respectively.

To keep tabs on the latest community updates and your transactions on Nexo, whitelist these addresses, i.e. add them to your approved sender's list.

Be vigilant against impostors who pose as Nexo and/or company representatives.

What’s Next?

Close to our fifth year since its establishment, Nexo remains dedicated to providing a secure and seamless entry to cryptocurrencies for anyone looking for a trusted gateway into the digital economy.

Becoming nexo.com is a significant milestone in the Nexo founding team’s vision to achieve Nexo 360° – a fully-fledged suite of services that bridges the gap between digital and traditional finance.

Onwards,
The Nexo Team

 

 

[MrD]

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