Cryptocurrency lending platform Nexo adds support for BCH 

Nexo is a globally popular cryptocurrency lending platform that supports more than 200 countries and regions and more than 45 fiat currencies. The amount of cryptocurrency loans processed exceeds 1 billion US dollars, the number of users is up to 500,000, and more than 20 cryptocurrencies are supported. Lending interest rates It is also relatively friendly, below the peer average.

By cooperating with Bitcoin.com, Nexo has added BCH to the supported list, helping users in the BCH community around the world to obtain the required fiat currency by staking BCH assets on the Nexo platform, rather than selling BCH assets when liquidity is needed. As a globally popular cryptocurrency, BCH can greatly stimulate Nexo to stimulate its market potential and achieve mutual benefit and win-win.

In the short term, if community members are optimistic about the future development of BCH, the price is relatively low, but they urgently need fiat currency, in which case they have to sell their BCH in exchange for fiat currency. But now, instead of selling BCH assets, you can mortgage Bitcoin assets to Nexo to get fiat currency to solve your urgent needs. In the long run, it can improve the use efficiency of BCH assets, reduce the selling pressure of the market, increase the value of BCH, gradually enrich and improve the BCH ecology, and promote its ecological process.

Nexo's increased support for BCH and the rapid development of BCH itself are inseparable. As a global peer-to-peer digital currency, BCH is constantly attacking the city. According to news reports, BCH has become Australia's most popular digital currency in November, accounting for more than 93% of its cryptocurrency payment market; Bitcoin.com launches the 200 million USD BCH ecological fund, and Noel Lovisa, CEO of the Code Valley team Announced the establishment of a $ 50 million BCH Technology Park in Townsville, Australia; the well-known mobile phone manufacturer HTC's flagship smartphone Exodus 1 adds local BCH support and more.

Technically, the BCH ecosystem is very mature. BCH has completed two technical upgrades this year, adding Schnorr signature functions, BCH adoption has increased a lot this year, SLP tokens have shown explosive development, and third-party applications based on BCH continue to appear. With privacy tools With the development of Cashshuffle and Cashfusion, BCH has steadily improved in helping to protect user privacy. In addition, the development of Avalanche avalanche consensus protocol, the killer of the BCH community, has also come to an end. In the future, the BCH transaction time will be shortened to 2-3 seconds.