In order for the Vietnamese crypto community to access the astounding benefits of blockchain technology, LiveTrade, a US-based fintech company specialized in providing technological and financial solutions, announced today a strategic partnership with Nexo, one of the most advanced and reputed crypto lenders in the world. LiveTrade will be in charge of popularizing Nexo’s services in the Vietnamese market and direct local crypto users towards Nexo.
The first feature to be offered is Nexo’s flagship, Instant Crypto Credit Lines™, which provide clients with the necessary credit, collateralized by 18 common cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, etc. With this solution, investors are able to actually make use of the crypto’s value without having to sell and forgo their upside potential.
For the past few months, LiveTrade has been working with several partners, especially VNDC, a fast-growing Vietnamese stablecoin project developed by VNDC Holding Pte. Ltd. – a Singapore-based company, to effectively implement this service in Vietnam. Through the VNDC Wallet Pro application, Vietnamese users can now deposit funds to their Nexo Wallet, easily get a credit line and withdraw their loans in local currency for daily use and further investment. These crypto-backed loans can be repaid anytime, with flexible payment methods and no due date, which is an upper hand compared to typical banking financing.
Take a closer look at Nexo’s Instant Credit Lines™ service on our Vietnamese landing page at http://nexo.livetrade.io/ and get your loans right away.
“In the long term, LiveTrade aims to build an open financial ecosystem, helping to bring new and unique solutions and services to small and medium-sized businesses (SMBs) in Vietnam,” stated Le Pham, LiveTrade’s CEO. “The alliance with Nexo is a milestone for us to expand our operation in the Southeast Asia region.”
Commenting on the partnership, Nexo Co-founder and Managing Partner Antoni Trenchev said “Thanks to our partnership with LiveTrade, our services will be even more accessible, opening new possibilities for both Nexo and our growing client base, as well as further promoting the crypto community’s mission for a digital future of finance.”
LiveTrade will continue to implement more services from Nexo and other world-leading partners to promote our individual and institutional clients’ accessibility to a big, diverse financial market via fast, secured and economical methods.
Nexo is the world’s leading regulated financial institution for digital assets. The company’s mission is to maximize the value and utility of cryptocurrencies by offering tax-efficient ‘Instant Crypto Credit Lines™’, high-yield ‘Earn Interest’ products, ‘Send & Pay’, and sophisticated trading and OTC capabilities, while providing top-tier custodial insurance and military-grade security of the Nexo Wallet. Nexo has processed $3+ billion for 800,000+ users across more than 200 jurisdictions.
Check out Nexo’s website
VNDC Holding Pte. Ltd. is a fintech company founded in July 2019, located in Singapore. VNDC is an open financial platform that issues the first Vietnamese stablecoin in the world. The VNDC’s value is always on par with Vietnamese fiat currency (1 VNDC = 1 VND) and is backed 100% in VND. VNDC stablecoin is powered by blockchain technology on ERC-20 standard Ethereum platform and BEP-2.0 standard Binance Chain and currently ranks 2nd in the amount of stablecoin holders in Ethereum network. At present, VNDC Wallet has well over 500,000 active users, most come from Vietnam.
Visit VNDC here.