Nexo Crypto Backed Instant Loan Network Adds XRP As Collateral Option
The crypto loan company Nexo has decided to unofficially add Ripple’s XRP as the fifth collateral option in the company’s platform. Why unofficially? Because no official statement from the company has been released so far but Nexo users have already noticed that the company added a deposit button for XRP this week.
At the moment, Nexo accepts BTC, ETH, NEXO and BNB tokens, which can be used as collateral instant loans up to 25% of the user’s holdings. This new option has appeared in the company after the company has announced (officially this time) that the long-awaited dividend program will be live on December 15 and that it will distribute 30% of the platform’s profits for the NEXO token holders.
Also, Nexo has recently announced that it would make a partnership with CoinMarketCap to integrate a “Get Loan” button directly on the site.