Nexo, a digital asset trading platform, announced the addition of seamless peer-to-peer (P2P) transfer features allowing users to make free and instant cryptocurrency transfers via email or mobile.
With Nexo’s innovative solution, individuals can now dispatch crypto swiftly and without incurring any costs, with recipients able to claim their funds promptly upon receipt.
Moreover, Nexo obviates the need for cumbersome crypto addresses, allowing users to effortlessly send crypto to both existing platform users and friends who have yet to join, simply by entering an email or phone number.
Chief product officer at Nexo, Elitsa Taskova emphasized the importance of seamless transactions, stating:
“In the realm of digital assets, there exists a profound facet — the seamless exchange of value among friends, family, and acquaintances. It represents an inherent quality of cryptocurrency, where transactions transcend geographical boundaries, time zones, and conventional constraints… In a world where technology often serves to divide, we envision a future where it serves to unite — where each exchange serves as a conduit to deeper relationships and collective prosperity.”
— Chief product officer at Nexo, Elitsa Taskova
Beyond mere transfers
The integration of the new feature into the broader Nexo ecosystem extends its utility beyond mere transfers.
Recipients gain access to the comprehensive Nexo suite seamlessly, enabling them to delve into interest-earning opportunities and borrowing facilities without the hassle of juggling multiple wallets or accounts.
This ensures that users are never more than a few taps away from facilitating crypto transactions.
Sending Bitcoin abroad becomes not only effortless but also financially rewarding, with Nexo offering earning rates of up to 7% per annum on Bitcoin (BTC) holdings.
Additionally, the platform facilitates borrowing against BTC holdings, with interest rates starting as low as 0% per annum.
As such, the new features underscore the versatility and utility of the Nexo product portfolio, catering to the needs of a diverse range of clients.