Rewards Hub Nexo's Zero-Interest Credit (ZiC) product has been awarded "Consumer Lending Product of the Year" at the 10th annual FinTech Breakthrough Awards. The innovative product allows users to borrow against Bitcoin or Ethereum at 0% APR with no fees, using a fixed-duration structure that eliminates margin calls and mid-term liquidations. This approach provides borrowers with predictable outcomes regardless of market volatility.
The award highlights Nexo's role in redefining crypto-backed lending by introducing structured and resilient lending models. The Zero-Interest Credit product has generated over $140 million in loan volume, with a 76% borrower renewal rate. This recognition marks Nexo's fourth consecutive win at the FinTech Breakthrough Awards, underscoring its impact on the evolving $70 billion crypto-collateralized lending market.
Nexo's Zero-Interest Credit Wins 'Consumer Lending Product of the Year'
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