The provider of cryptocurrency loans Nexo announced that it will start accepting the Gram token of the Telegram messenger as security, reports CoinDesk .

According to representatives of the company, users will be able to provide a new token as collateral for loans after the Gram listing on the Liquid Exchange, scheduled for July 10 .

According to representatives of Nexo, the togram of the Telegram messenger "has the potential to become one of the largest cryptocurrencies by market capitalization." They also noted that after the launch of the main network, the market value of the coin is likely to increase.

The Nexo website says that users can get instant loans in 45 fiat currencies. At the same time security of pledges in cryptoactive assets is provided by the BitGo custodian.

Supported by TechCrunch founder Michael Arrington, Nexo was founded in April 2018. Within seven months after the launch, cash flow of more than $ 300 million passed through the company, and 170 thousand people used its services. The annual interest rate starts at 8%, which, according to Nexo representatives, is much lower than the credit card rate.

As previously reported, the distributor of Telegram tokens on the Liquid stock exchange will be Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. She intends to put up for sale the right to cryptocurrency at $ 4 per unit, that is, 200% higher than the ICO price .

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