Nexo, the leading financial regulator in the field of digital assets, has announced double-digit increases in interest rates on savings from cryptocurrencies Bitcoin (BTC), Ethereum (ETH) and Ripple. (“XRP”), “Bitcoin Cash” (“BCH”), “Litecoin” (“LTC”), “EOS”, “LINK” and “Stellar” (“XLM” TRON ("TRX"), and the gold-backed cryptocurrency PEXG, generate revenues of up to 8 percent of annual percentage revenue, through its product Earn on Crypto. This spike marks a 1 percent jump in savings interest rates from all cryptocurrencies supported, pushing the annual percentage return on these assets to 6 percent. The launch of "Earn in Nexo" contributes to an additional 2 percent increase in the annual percentage return on savings from all digital assets and fiat money contained in the "Nexo" platform, resulting in the maximum interest rates within the "Earn" group that are respectively 8 per cent. For cryptocurrencies and 12 percent for fiat and hard cash. The addition of Earn Nexo to the company's product portfolio - a feature that allows customers to collect benefits in the original Nexo currency, regardless of assets and size - coincides with the company's launch of the Nexo3 campaign. Anthony Tranchev, co-founder and managing partner at Nexo, said: “In light of the charged atmosphere with market volatility expectations in the event of the second wave of the 'Covid-19' virus exacerbated by the US elections, we want to give our clients financial stability and opportunities to ensure Peace of mind - now and in the future - and few financial service providers can do this. The ability of NEXO to increase interest rates and boost the economy of cryptocurrencies from NEXO at times like these underscores the importance of maintaining a sustainable business model and the importance of the neutrality strategy in the market. https://images.hive.blog/0x0/https://i.imgur.com/wuVUSCH.png
post_id | 88,247,791 |
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author | totyahmed731993 |
permlink | double-interest-rates-on-earn-on-crypto |
category | crypto |
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matzep | 0 | 7,173,634 | 100% | ||
topzehn | 0 | 0 | 100% | ||
wissenschaft | 0 | 102,418,514 | 100% | ||
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minnowsteemwin | 0 | 0 | 100% | ||
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minhaz007 | 0 | 7,777,281,720 | 100% | ||
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lookplz | 0 | 1,405,478,511 | 16.8% | ||
nuovisotv | 0 | 0 | 100% | ||
stonertv | 0 | 0 | 100% | ||
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ezvote | 0 | 171,651,547,469 | 21% | ||
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permlink | double-interest-rates-on-earn-on-crypto2020-10-31 |
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permlink | re-totyahmed731993-double-interest-rates-on-earn-on-crypto-20201031t042438651z |
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