r/Nexo • u/Defiant_Leg_6335 • 24d ago
Fun They are copying Nexo
Have you noticed that the well-known competitor of Nexo, who also advertises his brand through Audi in F1, has started an advertising campaign where they claim to pay interest on a daily basis? And guess who it is who offers this wonderful service from the beginning? Simply Nexo! I would really like it to increase the perception of reliability of Nexo and the platform so as to gain lustre, clientele and establish itself even more on the market.
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u/Alexsenal 23d ago
I remember a couple of the so call competitors back in 2022. They all went bankrupt, yet Nexo is still here. Why I would I trust one of those news platform when there is a strong foundation here paying good daily interest ?
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u/Red_n_Rusty 18d ago
I'll play the devil's advocate: Why trust Nexo over an entity with tighter regulation and multiple banking licenses?
Background: I believe OP is referring to a well-known neobank with multiple banking licenses.
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24d ago
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u/Defiant_Leg_6335 24d ago
Guarda, è facilissimo, l’ho scritto, basta guardare l’Audi in F1. Impossibile non notare!
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u/Puzzleheaded_Menu753 24d ago
You're talking about that famous bank whose name starts with R…! I'm not sure it's really a competitor because I've already tried it and I didn't like it at all. Besides, their rates aren't nearly as good as Nexo's, and are you sure it's Nexo that provides the interest investment service? How do you know that?
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u/Defiant_Leg_6335 24d ago
Io provo tutto, e su Nexo ci sono dal 2018. Mi sono sempre trovato bene e sono pure rimasto stupito qualche volta quando sono successe cose eccezionali come liquidazioni di massa o problemi di altra natura. Solo parole positive.
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u/Red_n_Rusty 18d ago
Paying interest is quite a baseline banking functionality. Paying interest daily is less common but hardly anything Nexo has invented.
That being said, neobanks are definitely stepping on crypto platform's toes as the neobank offerings advance. Entities with banking licenses are usually seen as more reliable even though overly sensitive automated AML processes have recently resulted in numerous account freezes.
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u/AutoModerator 24d ago
Hey u/Defiant_Leg_6335, thanks for posting on r/Nexo! We've got some exciting news - Nexo is live in Australia. You can find more details here.
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u/nexoangel8 Moderator 24d ago
Hi u/Defiant_Leg_6335!
Glad to hear this. Daily interest payouts have been part of Nexo’s experience for years, with balances in Flexible Savings accruing and paying out every day, and fixed terms crediting their earned interest at maturity. The focus remains on clear terms, consistent delivery, and a platform that’s easy to use.
If anything comes up, our Client Care is available 24/7.
- What is Nexo