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I hope I posted this in the right spot, XRP is my primary hodl bag and was looking to use it together with banking services for convenience. I have looked for other (EUR) ways to get a good solid and reliable way to get some interest on my money without bunch of restrictions because my bank is getting more and more expensive and a lot more reasons for sure. I came across a platform called Nexo. Created an account for experiences and immediately was sold. Great interest on your EUR (and/or $) account of 8% (also on some stabilecoins, for XRP etc. interest is coming as well) and your account insured for $100M, if I am not mistaken by spelling, by Lloyd's London. There a re many benefits within the account to be found like a crypto credit line, a platform coin for a form of dividend (lol) by ratio and time (2018: 7,6% and 2019: 12,7% annual rate). PAXG is offered as well for those who are still saving for a safe but already have a computer with internet . To good to be true? They are focused on lending (also based on your crypto assets) and with the usage of the Nexo coin (and the Swiss banking background and regulations in place) makes this an interesting option. The negatives are you cant use other named accounts to transfer money, depositing salary by an employer isn't possible yet. Long waiting list for the credit card. And some other smaller issues I have to dig in. Don't get me wrong it's not perfect but by far the best thing I have seen this far for what I need. I think this is a great option for a savings account with a form of crypto liquidity by a relatively solid fin. partner. When the interest rate on XRP goes live I will be using some coins for the annual rate if this will be in the range of the stablecoins 8% that is. Another point is the security. I am no IT-specialist in this area but only one Authentication option and no hardware security key option yet seems to be a missed opportunity. The combination of both is way more secure (so always check when dealing with your finances, especially what YOU REALLY NEED TO DO YOURSELF, in relation to safety and security). Invest time and money for those coming in recently and unaware. Safety is relative we know now. 8% interest on my EUR account, crypto's available from my account, combining my XUMM app and so on. This is something I can really use and was waiting for it. I believe a lot of people with me. This is in no way a promotion and/or my way to refer people to this service and always check it out thoroughly please. Maybe I am missing something and am aware of the possible risks, so should you. I believe I am more at risk with my current old dino bank and the insurance on my account is only 25k (backed by the government, I am paying for my own crappy insurance payout ). But that's personal and got nothing to do with you. This is a taste of the future imho. Liquid accounts, full of assets transferable into another in an instant, cold/hot storage by providers, investment options all in one place. If better regulations are in place, I can see these accounts becoming useful real fast (and my old dino bank falling even faster making it even more risky besides the ongoing printing press operations by the FED company). So, my own bank? That's for you to judge. Enjoy and stay safe!
Blog URL - Location: https://xrpcommunity.blog/we-are-early-to-the-party/ XRP fans may have shown up early to the party, but they know what to do: brew coffee and catch up on some light reading! ?????? ????: MUFG Bank and Banco Bradesco implement Ripple tech for Japan-Brazil cross-border payments; Emi Yoshikawa, Ripple's Head of Global Operations & Partnerships, plans on attending TechCrunch Shenzhen on November 20; and SEB has some interesting updates on its integration with Ripple technology. ??? ????: NEXO is offering lines of credit secured by individual crypto holdings; WietseWind has an XRParrot progress update; CKJ Crypto interviews the man behind the successful fundraising campaign for St Jude using the XRP Tip Bot; and RareData has created a hardware wallet comparison matrix. I hope you enjoy the read & please leave any comments below. Feel free to share my blog with anybody you'd like, and on any platform - and thank you for doing so! Links to my blog announcements on other sites & media: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
In this blog, I remind readers why we fell in love with crypto and discuss the latest news affecting XRP. Mojaloop usage about to expand globally? SIBOS is coming up with Dilip Rao from Ripple in attendance. There are two new Ripple customers you may not have heard about. XRP news includes further decentralization of the recommended UNL, three exchanges adding support for XRP, the ability for XRP owners to access an instant credit line, and how to earn XRP through renting your personal property. I hope you enjoy the weekend read! Please feel free to share my blog with a friend - or on any other platform! (and thanks for doing so) Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread