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Nexo Collaborates with Blockport on Cryptocurrency Loan

Liang CHE

Summary: According to the-blockchain.com, users of the Dutch cryptocurrency company Blockport can now use the Nexo platform to obtain loans, and users can retain their cryptocurrency instead of selling them for cash. Nexo serves as an instant cryptocurrency loan provider for more than 40 currencies in more than 200 jurisdictions. The loan process begins when the ...

According to the-blockchain.com, users of the Dutch cryptocurrency company Blockport can now use the Nexo platform to obtain loans, and users can retain their cryptocurrency instead of selling them for cash. Nexo serves as an instant cryptocurrency loan provider for more than 40 currencies in more than 200 jurisdictions. The loan process begins when the customer transfers their crypto assets to Nexo's wallet. Once the wallet receives the funds, Nexo automatically calculates the customer's available credit line based on the market value of the cryptocurrency it holds.And the loan can be instantly provided to the customer, allowing the user to withdraw cash directly to the bank account.Customers can repay the loan by bank transfer or by using cryptocurrency.