This article was first published on Stories by Nucleus Vision on Medium
NV 2.0 — DeFi for Retail Purchase Loans
Nucleus Vision announces the world’s first decentralised purchase loans offering, allowing crypto users to purchase real world products.
We at Nucleus Vision are happy to announce NV 2.0 — A retail defi offering platform. Our upcoming NV DeFi offering is a Layer 2 solution, which will aggregate existing DeFi lending protocols, partner with liquidity providers, and partner with global retailers and brands to enable crypto users to leverage their assets to buy real world products.
These products include a wide range of retail products from apparel, electronics to automobiles and homes. With this DeFi offering, we aim to increase crypto adoption and thereby the utility of nCash as a result.
The global retail lending market is estimated to be at a whopping $42 trillion. At the time of announcing this, the global DeFi market stands at over to 4 billion USD. This is a huge global opportunity and purchase loan offerings will be a key driver for growth in this market.
The idea of being able to leverage your assets for stable interests and for access to financial instruments has picked up tremendous momentum. Furthermore, the transparency that DeFi can bring to retail lending will be unparalleled. This is a strong DeFi use case.
With Nucleus Vision’s extensive retail networks we will be able to bring a world of product assortments to crypto users. As a layer 2 solution for DeFi, Nucleus Vision will aggregate existing DeFi protocols to access crypto liquidity and source exciting brand deals for retail crypto users to purchase. This will give our users extremely competitive lending rates, and attractive cash backs across all product categories.
Through localised liquidity partners, we will ensure that crypto pledged on NV DeFi can be redeemed for fiat currencies, with which crypto users can buy real ...
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Stories by Nucleus Vision on Medium