Blockchain-backed loan provider Nexo has partnered with cryptocurrency payments platform UTRUST to offer delayed payment purchases in a service quite similar to PayPal Credit.
The deal will see Nexo’s instant loan solution integrated on the UTRUST platform, the Switzerland-based companies revealed in a press release on Thursday. According to the statement, the agreement will benefit “all parties in a number of ways” as follows:
- Providing crypto holders with the option to make purchases with virtual currencies while keeping their assets and benefiting from any future value appreciation;
- Providing merchants with an extra source of revenue by featuring more flexible payment options in their stores at no additional cost or effort;
- Promoting and stre...
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