Nash Community Update February 2023
February 28, 2023

Community Update February 2023

Nash Community Update February 2023

Good evening everyone; hope you are all having a wonderful day! 

Let's go through what Nash has done during the last month:

  • Home page improvements 
  • Crypto wallet UI improvements 
  • Token page improvements 
  • Credit Card support on Fiat ramp 
  • New Fiat ramp purchase flow 
  • Improved token management - FE support 
  • NEX NEO2 to NEO3 Bridge 
  • New checkout experience on Earn, including Credit Cards and Open banking 
  • Additional payment methods with support for more local instant-banks (ongoing) 

 

What we are currently working on:

  • Multi-currency virtual IBANs
  • NEX L2 staking on NEO3 - webapp
  • NEX NEO3 <-> Polygon bridge
  • Pending transaction notification: funds that are confirming on-chain will show as pending
  • App polish and additional bug fixes 

 

We are excited to share with you our recent progress at Nash. Our team has been tirelessly working on improving our mobile app and web app/L2 exchange. We believe that these improvements will enhance your trading experience on the platform.

To ensure the Nash platform is running smoothly, we have shared a detailed bug fixing list for the webapp available here: https://t.me/nashsocial/290439. We have also shared progress on the mobile app here (opens in Telegram) and here (opens in Telegram).

We understand that there has been some concern regarding the progress of the IBAN integration and we want to reassure you that we are working diligently to move forward with this important project. While the process has been slower than expected due to regulatory hurdles and external factors beyond our control, we remain committed to achieving our goals and providing you with the next logical step in finance.

As you may be aware, our partner has encountered some setbacks in the EU but we are confident that we will overcome these obstacles and continue to make progress towards our shared goals. 

As for the UK, we did succeed in gaining EMI Agent status that allows us to offer eMoney services (including IBANs). However, we still need a registration with the FCA to combine these services with crypto offerings. This process began in early 2022 and, unfortunately, turned out to be more challenging than expected in comparison to previous regulatory affairs. Many companies have chosen to leave the UK market altogether. We remain steadfast in our commitment to push on this front. 

We appreciate your patience and support during this time, and we look forward to sharing more updates with you soon.

Our marketing efforts are ongoing and we have initiated campaigns to test systems, planned Twitter campaigns, and started conversations with different crypto blogs for content marketing. 

 

On the mobile app front, we are pleased to share some recent improvements:

  • Text cut off under transaction history fix
  • Pre selected % button improvement
  • Pre defined amounts for  Fiat Ramp removed 
  • Improved state channel management for settings page 
  • Improved state channel management for tokenomics page
  • Improved state channel management for bridge  page
  • Compliance bug when inserting house number fix
  • Payment method change fix
  • Improved state channel management for Fiat Ramp page
  • Removal of "My asset" button in Fiat Ramp
  • Account creation fix following state channel update
  • Fingerprint and Face Id settings improvement
  • Translation fixes

 

We appreciate your continued support and feedback as we work to make Nash the best platform for crypto trading.

Valentin
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Compliance and Registration

Nash was the first Crypto Platform in Europe registered by the Financial Market Authority (FMA) of Liechtenstein. Nash is also registered with the De Nederlandsche Bank N.V. (DNB).
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Nash’s Crypto Platform and Investment App uses state-of-the art, audited security measures and is fully non-custodial.
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Rates may vary over time. Crypto-powered earnings on Nash are not covered by any deposit guarantee schemes like bank savings accounts and involve risks unique to the underlying technologies: (i) Exploitations of the smart contracts used; (ii) Forex fluctations between your national currency and the US dollar, which underlies crypto earnings assets; (iii) USD stablecoins losing their peg. 
Nash is a trademark of Neon Exchange Aktiengesellschaft. Neon Exchange Aktiengesellschaft is an exchange bureau registered with the FMA of Liechtenstein (TT Exchange Service Provider Nr. 261096 as defined by the Token- und VT-Dienstleister-Gesetz / TVTG, 3 October 2019)
Nash Exchange B.V. is registered with De Nederlandsche Bank N.V. (DNB) as a provider of crypto services. DNB conducts supervision and monitors Nash Exchange B.V.’s compliance with the Money Laundering and Terrorist Financing Prevention Act and the Sanctions Act 1977. Nash Exchange B.V. is not under the prudential supervision of DNB nor under business conduct supervision of the AFM. This means there is no supervision of financial requirements or business risks and no specific consumer financial protections.
Neon Exchange Aktiengesellschaft is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act – for more information please see this link.
Neon Exchange Aktiengesellschaft also provides fiat-crypto exchange services. These are separate and unrelated to the account and payment services you receive from Modulr Finance B.V.