Too many Cryptos Too little money in Hand Can Nexo OverDraft Solve this

Every morning when I get up I feel lucky to be alive and working in a time when cryptocurrencies are so hot. They are like gold.

Looking around one finds that there are so many opportunities to acquire some real cool cryptocurrecies. There are so many projects being launched that are original, so brilliant and aim to solve a real world problem making them compelling reasons to invest in.
This means that we are living in times of perpetual gold rush where valuations are growing everyday. However moving these assets from the virtual world of cryptocurrencies to our real world is a tough task.
Look at the value of a bitcoin. At several thousand dollars it is virtual gold but in case you need money can your bitcoin get you money instantly?
No it takes time and some times time is more important then money.

Use Case

Kevin is a college student who is into gaming and crypto. He is studying in a foreign university. A scholarship covers his tution fee so he is good on that front. In his free time Kevin freelances as a programmer and gets paid in bitcoins. Small jobs but it all adds up and he has about 1.2 Bitcoin in his wallet.
Suddenly one day Kevin's roommate Joe experiences severe pain in his abdomen He is rushed to the hospital where the Doctor diagnoses his case as a bad case of appendicitis. Like Kevin Joe also has no medical cover and must cover his own medical bills. Kevin offers to pay with his Bitcoins but the hospital does not accept cryptocurrencies. Even if Kevin were to sell his bitcoin it would take a few days for the money to arrive.

Nexo comes to the rescue

Using Nexo Kevin can immediately get an overdraft against his Bitcoins that he holds. Nexo is the worlds first cryptocurrency overdraft provider.

The above graphic shows how the Nexo Overdraft feature works.

It is a solution powered by Credissimo which adheres to the highest regulatory requirements and has been strictly supervised by multiple European Banking and Financial Services Regulators since 2007.
The Process of providing is instant and transparent.

Mode of Overdraft Payment

For providing instant over draft Nexo does not require any paper work or documentation.
To get overdraft a user has to send his cryptocurrency to an overdraft wallet.
In return an over draft is released to him.
The Over draft can be provided as a credit of funds to the users bank account or as funds in the Nexo Credit card.
Either way a users has access to the over draft funds instantly.
He does not need to spend his cryptocurrency which is kept securely in the Nexo wallet.
All the future gains associated with a users cryptocurrency are to be enjoyed by the user.
Thus Nexo Overdraft solution provides the best way to unlock the value of digital assets.
A user remains to be the owner of his digital assets and continues to gain from any future appreciation.

To get an over draft a user does not have to undergo any credit check and no paper work is required. the entire process is very quick.
An overdraft is governed by a smart contract and recorded as a transparent blockchain contract. There are no middlemen involved and the ownership of the digital asset is secured and guaranteed by the transparent logging of the blockchain logged overdraft contracts.

Nexo Oracle

If you wonder how all this automated process is performed then one has to take a closer look at Nexo

Oracle that is the technology behind Nexo.
It is an ingenious technology that both automates the overdraft process as well as manages the re-payments.
Powered by smart contracts it ensures that each transaction execution is transparent and executed with precision and efficiency.
Nexo Oracle creates a mechanism in which the various components can communicate with one another in real time to provide an efficient overdraft service.

The Nexo Token

The Nexo token are the life line of the system which give a user both flexibility as well as multiple benefits.
Here are a few of the benefits of holding and using the Nexo Tokens
An investor can hold these tokens and earn 30% dividend from the company profits. A good way to let your crypto earn for you!
Is your over draft re-payment due? then consider using Nexo Tokens as it gets you discounted overdraft repayments.
If you store Nexo tokens in the overdraft wallet then you get discounted interest and an increase in the overdraft limit.

The Nexo Credit Card

At first appearance a Nexo credit card may appear as just another credit card.
However there is a difference. It is backed by the crypto you transfer to the overdraft Nexo wallet. The amount you transfer determines how much cash is there for you to spend using your Nexo credit card.
That is not all when the value of your stored crypto goes up it raises the limit of funds available to you

The Token Sale

Nexo Private token Sale oversubscribed 5X
Public Pre-Sale Whitelist indicates 11X over subscription
The Nexo Project has already got a lot of institutional support and thus the Public Pre-Sale and Main Token Events will not happen.

Business Demand

"The requests and applications for the Nexo Instant Crypto Overdrafts now exceeds $500 million"

Credissimo was founded in 2007 and it has so far processed over 1,000,000 loan applications. It is a 130 employee strong organization and has been supervised by multiple European and banking financial services regulators right from inception.
It has also won accolades and awards given to it by Forbes and Ernst & Young.
Another claim to fame is that it reached top 10 in Alternative Finance at the European FinTech Awards 2017

Behind such robust performance are dedicated and skillful team and Advisors
Meet the Advisors behind Nexo

Here are the managing partners associated with Nexo

More Information & Resources:

Nexo Website
Nexo WhitePaper
Nexo YouTube
Nexo Medium
Nexo Facebook
Nexo Twitter
Nexo Telegram
https://steemit.com/cryptocurrency/@originalworks/280-steem-40-bonuses-sponsored-writing-contest-nexo

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