As innovative decentralised network which strives to provide transparent loans to anyone who already owns different types of virtual coins, NEXO was launched in 2017. Users who ask for a loan will block their cryptocurrency funds and shortly get available finances on the project’s original payment card or on their private bank card accounts through an instant bank operation the following day. The project’s payment solution is free of charge for all interested customers and does not imply any additional fees. The smart credit card also does not impose any kind of monthly deposit if the balance is stable and regular. The mechanism is integrated with the network’s Oracle algorithm, which plays a crucial role in the platform’s functionality and operationality.