We’ve been extremely busy over the past months. As some of you are aware, our previous banking rails partner encountered regulatory issues in the EU that led to unacceptable delays. In response, we took action and mitigated the counterparty risk.
Now, we’re delighted to share that after a long negotiation process, we have signed a long-term contract with one of Europe’s leading e-money institutes to power our IBANs and Crypto cards going forward.
This development is a significant step forward and we’ve been working tirelessly on the technical integration as well as additional compliance requirements. We are committed to launch the new set of products as soon as possible.
On the product side, we know many of you have been eagerly awaiting an update and we’re happy to announce it’s finally here! We’ve recently released NEO3 staking on our webapp, marking a significant milestone in our NEO3 journey. This completes the introduction of NEO3 wallet support, NEO3 Fiat Ramp support, NEO3 NEX token support, NEO3 NEX bridge support to ETH and Polygon. And, of course, NEO3 NEX staking. We’re really proud of these accomplishments and are excited to move forward with even more exciting things on the horizon.
In addition to the NEO3 update, we have taken steps to ensure a smooth transition for all users. We’ve airdropped a small amount of GAS, so you don’t have to worry about scrambling to find GAS for your NEX conversion. For EU members, we have already made NEO3 GAS available on the Fiat Ramp with a minimum of 10 EUR purchase. This should remove any barriers you might have faced in converting your NEX from NEO2 to NEO3.
Now, let’s talk about the mobile app. We’ve recently released version 14.1.3, which includes a host of improvements to enhance the user experience. We’ve put a lot of love and effort into this release and while upgrading the app remains an ongoing project, we’re committed to making it even better in the future.
But that’s not all! We’re constantly striving to enhance our platform and provide support for additional blockchains and are far advanced in efforts to integrate Arbitrum. This will be live very soon and enable a range of exciting protocols. Stay tuned.
On the marketing front, we’ve brought on board a new Senior Marketer who is heading our strategic marketing efforts. He brings a wealth of experience and insights to the table. With his expertise, we’re confident that we’ll be able to elevate the Nash brand and increase our reach. We’re thrilled to have him on our team and look forward to the positive impact he’ll make.
While we are thrilled about these developments, we also have to share some unfortunate news. Despite our best efforts and already having two successful registrations in the EU, we’ve taken the very difficult decision to put our UK launch on hold for the time being. This decision did not come lightly. After lengthy discussions with the FCA and considerable effort on our part, we see no reasonable prospect of success, and deemed it the most prudent decision. With this decision, we join the ranks of most crypto projects out there. However, we remain vigilant about the circumstances and are prepared to reevaluate our decision if the opportunity arises. For those interested, we would like to direct you to a few relevant articles:
We hope you understand and please be assured that a delay does not mean abandonment.
Thank you for being a part of our incredible community and for your continued support. We’re committed to delivering the best possible experience for you, and we can’t wait to share more updates and milestones with you in the future!
The Nash Team