NEXO: INSTANT CRYPTO OVERDRAFTS
The cryptocurrencies are in digital assets with greater use around the world. The blockchain technology has provided extraordinary levels of security, and has been found multiple utilities, however they have not yet found a widespread adoption. However, there are important regulatory and infrastructure limitations. For this reason the use of cryptocurrencies in everyday life is restricted, you can not simply go to the store on the corner to buy with cryptocurrencies. Therefore it is necessary to make a conversion that implies costs in commissions and risks of scams.
"Instead of simply holding idle digital assets, investors; miners; and entrepreneurs have the opportunity to set up an instant crypto overdraft with Nexo, combining the best of both worlds -- hodl-ing their crypto assets and having access to instant cash. By transferring crypto assets to their overdraft wallets, Nexo’s clients are able to instantly access cash that is denominated in fiat currencies such as USD, EUR, and JPY. The Crypto Overdraft is secured by the market value of the digital asset placed in the wallet."
NEXO
Nexo works like a bank in which you deposit your cryptocurrencies, then you have availability of use through the different tools that it offers, including credit cards. The difference is that the money deposited in your NEXO wallet in the form of a cryptocurrency can be used instantaneously in the form of fiat using the tools provided by the platform, the available balance will depend on the value of the cryptocurrency in the market. This way your assets in cryptocurrencies will always be at hand so you can spend it as you would with physical money.
A great idea with innovative solutions