November 30, 2022

Community Update November 2022

Good afternoon everyone! Hope you are all having a wonderful day

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

Home page improvement
Crypto wallet UI improvement
Token page improvement
Credit Card support on Fiat ramp
New Fiat ramp purchase flow
Improved token management - FE support
NEX NEO2 to NEO3 Bridge

What we are currently working on:

Multi-currency virtual IBANs
NEX L2 staking on NEO3 - webapp
NEX NEO3 <-> Polygon bridge
Additional payment methods with support for more local instant-banks
New checkout experience on Earn, including Credit Cards and Open banking
Pending transaction notification: funds that are confirming on-chain will show as pending
App polish and additional bug fixes

We know that everyone is waiting on an update on the Nash IBAN accounts... Good news here!

IBANs are currently being live-tested on production in the UK! This means we are just waiting for our crypto-approval by the FCA. Once confirmed, we just press a button and can enable IBANs in the UK. We are still waiting for a response from the Bank of Lithuania to be able to issue IBAN accounts in the rest of Europe. More news to come!

Many of you have also requested an update on marketing and what our new Marketing Analyst has been working on. We have been focusing on getting our systems right when it comes to marketing and setting up the infrastructure needed to support our upcoming campaigns and expansion efforts as well. The focus has been:

Content marketing: A form of marketing focused on creating, publishing, and distributing content for a targeted audience online
SEO (Search Engine Optimization): Optimizing and improving the quality and quantity of traffic to our website/app
We recently also started a social media campaign to promote our products and services and market Nash

An additional area of focus has been integrating new payment providers that will, in the future, allow for a smooth purchasing experience and expand the current offer. We will be able to support most local European banks and have instant SEPA transfers. We hope to have this up and running quickly.

Please share any questions you have…

Valentin

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.