The Good Tech Companies - Nexo Launches Personal USD Accounts Across 150 Countries
Episode Date: November 25, 2024This story was originally published on HackerNoon at: https://hackernoon.com/nexo-launches-personal-usd-accounts-across-150-countries. Nexo is the first platform to offe...r USD, EUR, and GBP accounts in users' names. Check more stories related to tech-stories at: https://hackernoon.com/c/tech-stories. You can also check exclusive content about #nexo-news, #nexo-announcement, #blockchain, #dlt, #cryptocurrency, #web3, #good-company, #finance-and-banking, and more. This story was written by: @ishanpandey. Learn more about this writer by checking @ishanpandey's about page, and for more stories, please visit hackernoon.com. Nexo is the first platform to offer USD, EUR, and GBP accounts in users' names. The service enables direct USD bank transfers to and from client accounts. Through SWIFT integration, clients can execute cross-border transactions.
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Nexo launches personal USD accounts across 150 countries, by Ashan Pandey.
Nexo introduces personal USD accounts for clients across 150 countries,
becoming the first platform to offer USD, EUR, and GBP accounts in users' names.
The service enables direct USD bank transfers to and from
client accounts through a single platform. The platform's personal USD accounts allow users to
conduct bank transactions under their names, meeting institutional and high net worth customer
requirements. Through swift integration, clients can execute cross-border transactions while
managing multiple currencies in one view. Key Features. Direct USD transfers to and from personal accounts.
Transactions processed in client names. Swift integration for cross-border transfers.
Combined USD, EUR, and GBP account management. ACH and domestic wire capabilities.
Coming soon. Nexo delivers independence, transparency,
and security for USD transfers via bank operations. This milestone demonstrates
the integration between traditional finance and digital assets, enabling millions to process
USD bank transfers with simplicity, said Elitza Taskova, chief product officer at Nexo.
Nexo background. Operating since 2018.
Present in 200-plus jurisdictions. $7 billion in assets under management.
$320 billion in process transactions. Services. Yield savings, crypto loans,
trading tools. Product suite includes crypto debit, credit card, USD Accounts Launch Advances Nexo's Strategy to
Enhance Digital Wealth Solutions. Users can now transfer assets through consolidated processes,
establishing standards for digital asset management, platform benefits, direct name
link transactions, multi-currency account access, streamlined transfer processes,
global transaction capabilities, unified currency tracking,
this development expands Nexo's services for clients who seek to grow, manage, and preserve
crypto holdings. The platform combines technology with client services, offering yield generation,
lending solutions, and trading capabilities through a single interface. Nexo maintains
operations through global licensing, security protocols, and
infrastructure to support digital asset services. The platform continues to develop solutions for
cryptocurrency management, banking integration, and wealth preservation. Don't forget to like
and share the story. Tip Vested Interest Disclosure. This author is an independent
contributor publishing via our business blogging program. Hacker Noon has reviewed the report for quality, but the claims herein belong to the author.
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