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Altcoin News

XRP’s Collateralization for a Loan Increases its Utility as an Asset

An asset is something that can be used as a collateral to borrow money. The same is now possible with XRP which can get its holder a fiat loan of up to USD 2 million. This service is offered by a company claiming to be the world’s first instant cryptocurrency-backed loan service known as Nexo.

An asset is something that can be used as a collateral to borrow money. The same is now possible with XRP which can get its holder a fiat loan of up to USD 2 million. This service is offered by a company claiming to be the world’s first instant cryptocurrency-backed loan service known as Nexo.