NEXO - time to get overdrafts.

elena1987 (49)in #originalworks • 6 years ago

Hello! Today we will talk about overdrafts. But not about the overdrafts offered by banks, but about those that can be obtained by transferring the crypto currency.

How can it be? A new mechanism has emerged on the platform NEXO , thanks to which, when it is necessary to obtain Fiat, there is no need to sell the crypto currency, it is enough to transfer it to the platform and, depending on the received limit, obtain an offer.

The funds will be available immediately, it can via bank transfer or credit card, which is no different from an ordinary bank card.

During its existence, NEXO issued millions of instant short-term loans to residents of Europe and won the trust.

Overdraft is obtained in a few simple steps. Immediately the crypto currency is transferred to the platform wallet, then the available limit can be obtained through a card or bank transfer. That's all.

Such a mechanism can be useful for any crypto-investor, such as me, we get a fiat and leave the property of the crypto currency in our possession and can continue to benefit from it. The second potential customers may be miners, they can use the overdraft to cover their capital costs for combing equipment. And the third group of target customers is hedge funds that invest in ISO tokens and have various digital assets.

What is most pleasant is the flexible overdraft repayment system. You can redeem the overdraft in cash, as well as with tokens, whose availability gives you the advantage in the limit of overdraft and interest rate, you can pay off with a crypto currency at the rate of exchange, and some of the funds can be extinguished by the crypto currency already in your wallet. The absence of hidden fees also advantage as well. And of course you got guaranteed approval, because no one will watch your credit history.

My personal opinion, although I am not a supporter of various types of lending, this method can be useful for me, if everything is correctly calculated and thought through.