fbpx
Cryptocurrency

Cred and Bitcoin.com Comes Together to Offer Crypto Lending and Borrowing

Bitcoin.com has come into a partnership with Cred. The partnership allows users of Bitcoin.com to earn up to 10 percent interest on their crypto-shares.

Bitcoin.com is a web portal that provides a variety of Bitcoin and Bitcoin cash services including purchase and sale and a mobile wallet for both of these cryptocurrencies. Cred is a decentralized global credit platform that provides open credit access everywhere and at all times.

When explaining about the partnership, the CEO of Bitcoin.com, Roger Ver commented that “borrowing and lending services for Bitcoin wallet holders are a natural next step and they will be very attractive to Bitcoin Cash users.”

Bitcoin.com customers have six months of default commitments. However, these terms can be broadened according to the preferences of the customer. Users should participate in the LBA, the native token for Cred to get the best rates. The interests are paid out in stable coins every three months. Once the term is expired, customers will receive the exact amount of their principal commitments.

Cred President Dan Schatt said that they are excited to give Bitcoin.com customers the chance to gain interest in their digital assets. He also believes that irrespective of the market, whenever clients receive a fixed, stable coin interest, they can benefit from the liquidity they receive.

During the New York Consensus Conference, the two companies will submit the idea to bitcoin and bitcoin cash holders. The program will open to all crypto investors in the summer, irrespective of the size of their portfolio. Also, they offer at least $ 25,000 to encourage the program to be adopted.

Cred gas has also started a similar partnership with the Tron Foundation, in addition to Bitcoin, enabling TRX holders to acquire an interest in their crypto holdings.

Tags
Show More

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

Related Articles

Back to top button