Nexo Lists Tron, Creating the First-Ever TRX-Backed Fiat Loans

Nexo Lists Tron, Creating the First-Ever TRX-Backed Fiat Loans
фото показано с : zycrypto.com

2020-7-29 18:16

The world’s leading regulated financial institution for digital assets, Nexo, has announced that it has partnered with Tron Foundation to list TRX in its system to provide the first-ever TRX-backed fiat loans.

“When blending elements from DeFi into CeFi you get the best of both worlds. TRON’s blockchain technology enables developers to create smart contracts and decentralized applications (DApps), displaying how the TRX integration is yet another step towards the Defi-enhanced centralized finance model Nexo is pursuing,” said Antoni Trenchev, Co-founder and Managing Partner of Nexo.

This comes at a time when global cryptocurrency adoption is on the rise, despite over 1000 coins out there competing for the same market.

Diversifying on coin utility is what will differentiate a successful and failed project after the anticipated wave. 

Thanks to the participants, TRX holders can be assured their token will have value due to its healthy market utility.

In regards to the partnership, TRON users are set to avail as there are benefits that come attached.

“We support Nexo’s vision for blockchain technology exploration in CeFi to DeFi,” said Justin Sun, Founder of TRON and CEO of BitTorrent. “Nexo and TRON marry desirable attributes from two different philosophies. Together, TRX users now enjoy attractive yields and faster transactions with secure infrastructure. Our mission is to bring blockchain to everyone and Nexo empowers our ability to do so.”

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

TRON (TRX) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.1171
Капитализация $0 Rank 99999
Цена в час новости $ 0.0195637 (-100%)

fiat loans nexo trx-backed first-ever tron foundation

Источник: zycrypto.com

fiat loans → Результатов: 33


Bitruption: P2P Advertising Marketplace And Buy/Sell Bitcoin?

In the current financial system, banks misuse their monopoly over fiat to prevent the crypto industry from accessing the competitive and alternative financial system. Additionally, banks deny crypto businesses and miners the access to regular banking services such as loans, funds transfers, deposits and withdrawals, which essentially creates a barrier to conducting business using cryptocurrencies. […]

2018-11-9 13:05


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

TRON Hits 95 Million Addresses Milestone, Will This Help Price?

On-chain data shows the total number of addresses on the TRON network has exceeded the 95 million mark, a major milestone for the blockchain. TRON Addresses Carrying A Balance Have Broken The 95 Million Mark According to data from the market intelligence platform IntoTheBlock, TRON has far left behind other layer 1 networks like Cardano and Avalanche regarding its address growth.

Tron Price Prediction: TRX Could Surge And Revisit $0.085

Tron price is up over 5% and gaining pace above $0. 0725 against the US Dollar. TRX is outperforming Bitcoin and could rise further toward $0. 0850. Tron is slowly moving higher above $0. 0720 pivot level against the US dollar.