Why Nexo.io is the best combination of crypto and fiat? How Nexo can help you?

Nexo is not another ponzi lending scheme

With all the bad news and ponzi schemes by all the “lending” coins / tokens / platforms in the crypto space, Nexo can be said as the world’s first legitimate lending platform. What makes Nexo a legitimate one? Easy! We need to go back to the basic. The word “lending” is an action that needs two parties, the giver of loan and the receiver of loan. An interest of the loan is actually an option that needs an agreement between the two parties.

Now, those ponzi lending coins enables users to take part as the giver of loan and the said users will receive an interest for that loan. The problem is, who is the party that receive the loan and need to pay the interest? The blockchain and the robot of course can not pay the interest. If they can, then it will be like magic, money from the thin air. In reality, those ponzi coins organizers would be the recipient of the loan. They move the money around until the time they take the users money away. Poof! There goes the money, gone like magic.

Nexo has a legitimate business model

Nexo’s detailed business model
Nexo on the other hand is a legitimate business. The detailed business model on their website is a normal traditional business model. On the right side of the picture there are the givers of loan and receivers of the interest. The left side of the picture are the receivers of loans and givers of interest. The middle would be Nexo, taking a small chunk of the interest while providing all the necessary infrastructures and conveniences. This is a normal and proven business model.

Nexo promises an instant loan with no credit checking when people want to take an overdraft, and it’s open to everybody. The fund will then be available on virtual or physical credit card that can be used with lots of payment networks such as Mastercard, Visa, Apple Pay, Samsung Pay, or even to a bank account. Of course Nexo is a little bit unusual compared to those ponzi schemes. With Nexo, the giver of loans need to be an Accredited Investor. The option is not open to everybody. Which is actually a very good thing because this will ensure healthy flow of funds and the buffer of it.

Nexo is powered by Credissimo

Now, how do we know that Nexo will honor this business model? Nexo could just run away with the loans, the interests, and everything else. Now, this is the good part, because Nexo is the product of Credissimo. Credissimo is a trusted loan funding company since 2007. It’s been strictly supervised by multiple European banking and financial institution regulators. It’s also been audited by Deloitte. It’s an “old” loan funding company with proven track record.

The best of both world

So there it is. Nexo:

• is a product of Credissimo, proven loan funding company
• has a legitimate business model
• needs NO credit checking
• gives instant access to overdraft
• has a wide variety of fund access. (Mastercard, Visa, Apple pay, Google pay, or even bank account)
• enables users to “hedge” their crypto investments when they need emergency fund.

Nexo.io is truly the best of two worlds, crypto and fiat, in the loan industry.

This post is a submission to OriginalWorks contest.

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