Since its launch in 2018, Nexo quickly made its name as the most retail-friendly crypto lender. The company’s success promptly led to the release of a now thriving institutional offering, but what many don’t know about Nexo is that they recently also began providing B2B services, in particular their Earn API. The highly customizable B2B product allows companies’ users to earn up to 10% compounding interest p.a. on their idle crypto and stablecoins.
Who Is Nexo’s Earn API for?
The product is ideal for custodial and non-custodial wallets as it creates an easy way to offer users yields on their clients’ crypto holdings. Non-crypto fintechs can also leverage Nexo’s Earn API to very quickly and cost-effectively expand their product portfolio into the cryptocurrency space.
Nexo’s Earn API Benefits Both Businesses & Their Clients
The Earn API service naturally helps businesses both attract new users as well as retain existing clients by enabling their customers to grow their portfolios directly from within their wallets. Additionally, Nexo’s offering is designed to not only increase profits for users, but also for the businesses that leverage it.
First, companies using the Earn API collect a percentage of the daily compounding interest paid to their clients. Second, businesses have the option to decide how much interest to be paid out to end clients and how much interest to be retained by the company. Finally, through its passive income and thanks to the deflationary nature of cryptocurrencies, Nexo’s Earn API is an excellent hedge against inflation both for businesses and their clients.
While the Earn API B2B service is relatively new, the product has already been battle-tested by some of the large players in the crypto industry, including keyless crypto wallet ZenGo.
How to Get Started?
It takes just six easy steps and an approximate IT cost of USD 5,000-10,000. The product is fully customizable allowing companies to achieve a native look and feel with a tailored front-end UX/UI journey, while their clients earn passive income through Nexo without ever leaving their native platform.
Nexo is the leading licensed and regulated institution for digital assets behind the Instant Crypto Credit Lines™, the Earn on Crypto & Fiat suite, the Nexo Exchange, and, of course, the Earn API product. The company is known in the blockchain space as one of the most secure and sustainability-focused crypto lenders with some of the most rigorous KYC and AML procedures out there. As such, Nexo’s Earn API offers stable and predictable yields that do not change in the short term and supports a wide variety of digital assets, including 16 leading cryptocurrencies and stablecoins. The B2B earn product comes with another perk – the flexibility to add and withdraw funds at any time. All clients of Nexo’s services, including business clients, have access to 24/7/365 Customer Support, ensuring a seamless service no matter the circumstances.
Interested in integrating Nexo’s Earn API product into your product? Drop them a line and sign up for a demo now.
© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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