Nexo Adds PAX Gold as Collateral Option, Eyes Earn Interest on Gold Accounts
By GCRU Gold News on Friday, October 11 2019, 23:52 - Permalink
With PAX Gold, a digital token on the Ethereum blockchain, representing a physical amount of gold held in the vaults of London-based Brink, Nexo now offers gold investors instant access to their gold wealth in over 45 fiat currencies via same/next day transfers and across 200+ jurisdictions.
True to its innovative DNA, Nexo will be adding PAX Gold for its ‘Earn Interest’ product that will pay up to 8% per year of interest on gold, debunking the century-old stigma that “gold does not pay dividends”. This value proposition makes Nexo the only financial institution in the world to pay interest on gold in kind.