Does Nexo operating card and crypto make the company much

Question

Does Nexo operating card and crypto make the company much

more reliable and trustworthy than if it operated one without the other? Admin? I need confidence building on this company please

#cryptocurrency #english #nexo

0

10.08.2023

5 ответов

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sCaM HuNtEr Автор вопроса

Spencer | Nexo | No support via DM
The Nexo Card offers a unique approach to crypto s...

Thanks. Is it possible to have an independent review of Nexos business model sustainability?

0

10.08.2023

S

sCaM HuNtEr
Thanks. Is it possible to have an independent revi...

I don’t get what you mean, man. Nexo has been through thick and thin and has proven that they’re doing everything right. This has led them to become the number one lender out there, outlasting everyone else just because they have strict risk management.

0

10.08.2023

Marco diConti | ❤️₿ | ❤️NEXO

What's unclear, man. Independent review = independent review...... It's plain English.

0

10.08.2023

sCaM HuNtEr Автор вопроса

Marco diConti | ❤️₿ | ❤️NEXO
What's unclear, man. Independent review = independ...

So, no independent review, right?

0

10.08.2023

Spencer | Nexo | No support via DM · Accepted Answer

The Nexo Card offers a unique approach to crypto spending, allowing users to access spending power without selling their crypto assets. By using these assets as collateral, the Nexo Card provides a convenient way to utilize crypto holdings. In addition to the innovative Nexo Card, the safety of the Nexo platform is reinforced through several key factors: - Proven Risk Management – Since its inception, Nexo has diligently followed strict risk management and counterparty risk management principles. This is crucial, especially considering the events of last year when the collapse of a few companies had far-reaching consequences that affected the market. Due to its risk management protocols, Nexo has maintained zero exposure to FTX/Alameda, Genesis, Gemini, BlockFi, UST/Luna, Three Arrows Capital, Celsius, Babel, Hodlnaut, and others. - Over-collateralization – Nexo safeguards the platform and client funds by operating on a “strictly over-collateralized basis.” This means that when you walk up to http://nexo.com and want to take out a loan against your Bitcoin, Ether, XRP, etc, the amount of fiat and/or stablecoins you can withdraw will depend on the value of the collateral you deposit into your account. Since all loans Nexo distributes are over-collaterlaized, this means that you can borrow up to 90% of the value of your digital assets while they stay in your wallet and each digital asset you borrow against has its loan-to-value ratio (LTV) which determines how much cash/stablecoins one can borrow. - Security, Regulation, and Custodial Insurance – Nexo’s emphasis on risk management, over-collateralization, regulatory compliance, and custodial insurance underscores their commitment to ensuring a secure platform. These measures have not only facilitated Nexo’s ability to navigate market turbulence but also maintain stability. As a result, Nexo stands as a reliable and secure option for crypto enthusiasts seeking safe and innovative financial solutions. Our emphasis on risk management, over-collateralization, fully-backed reserves, security procedures, regulatory compliance, and custodial insurance demonstrate our commitment to providing a safe and secure platform for our clients. These measures have allowed us to navigate market turbulence effectively and maintain stability.

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Does Nexo operating card and crypto make the company much

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