Nexo Unveils Revolutionary Email and Phone Transfer for Cryptocurrencies

Nexo has launched a groundbreaking feature that enables users to seamlessly send cryptocurrencies, including USDT, BTC, and others, to friends and contacts via email or phone number. This innovation simplifies crypto transactions, eliminating the need for complex crypto addresses and enhancing accessibility within the digital asset space. Recipients can effortlessly claim the transferred funds and gain access to Nexo's comprehensive suite of products and services, including interest-earning opportunities and borrowing capabilities, without the hassle of switching between accounts.

Nexo Introduces Revolutionary Email and Phone Transfer Feature for Cryptocurrencies

London, United Kingdom - March 28, 2024

Nexo, the leading regulated digital asset institution, has unveiled a transformative new feature that allows users to seamlessly send and receive cryptocurrencies via email or phone number. This groundbreaking innovation marks a pivotal step towards enhancing the accessibility and ease of use within the digital asset ecosystem.

Eliminating the Complexity of Crypto Transfers

Traditionally, transferring cryptocurrencies has required intricate knowledge of digital addresses and complex blockchain protocols. This has hindered the adoption and utilization of cryptocurrencies by a broader audience. Nexo's innovative email and phone transfer feature circumvents these complexities by enabling users to send cryptocurrencies to friends and contacts using familiar communication channels.

Seamless Integration with Nexo Products and Services

Recipients of cryptocurrencies via email or phone number not only receive the transferred funds but also gain access to the full suite of Nexo's products and services. This includes the opportunity to earn interest on their holdings and leverage their crypto assets for borrowing purposes. Recipients can enjoy these benefits without the inconvenience of switching between different wallets or accounts.

Bitcoin (BTC) Transfer: A Practical Example

As an illustrative example, sending Bitcoin (BTC) through the Nexo app offers a plethora of advantages for both senders and recipients. BTC transfers are lightning-fast and incur no transaction fees. Recipients can earn competitive interest rates of up to 7% per year on their BTC holdings. Furthermore, users can borrow funds against their BTC assets at exceptionally low interest rates as low as 0% per year, unlocking the full potential of their crypto investments.

Recipient Account Creation and Fund Claiming

To receive cryptocurrencies via email or phone number, recipients must create a Nexo account using the same contact information provided by the sender. Upon account creation, recipients have 14 days to claim the transferred funds before they are automatically returned to the sender's Savings Wallet.

Geographic Restrictions

It is important to note that account creation is currently unavailable in certain jurisdictions. Residents of the United Kingdom and the United Arab Emirates are temporarily excluded from using this feature.

Empowering the Community

Elitsa Taskova, Chief Product Officer at Nexo, expressed the company's vision for this transformative feature:

"With the introduction of email and phone transfers, we aim to empower our community to effortlessly share the benefits of crypto with their loved ones. In a world where technology often isolates, we envision a future where it brings us together – where every exchange deepens relationships and contributes to collective prosperity."

Simplifying Cryptocurrency Transactions

Nexo's email and phone transfer feature aligns with the company's unwavering commitment to simplifying cryptocurrency transactions and making digital assets accessible to all. This innovative solution eliminates the complexities associated with sending and receiving cryptocurrencies, broadening the appeal of digital assets and attracting new users to the crypto ecosystem.