SAN FRANCISCO – Credem, the leading provider of encrypted loans with over $ 300 million in lines of credit, today announced to provide loans in USD, guaranteed by XRP. Ripple customers now have the option to save their long-term XRP without the need to sell or incur tax consequences. XRP holders in different countries can borrow from single-digit interest rates when they visit www.mycred.io and click "Get Early Access".
"As a borrower, I appreciate the way the Believer responds to my needs and they continue to impress me with their ability to act as a trusted bridge between the traditional financial services ecosystem and the crypto community," he said. Mike Arrington, founder of Arrington XRP Capital and well-known Ripple investor. "Cred is successfully creating the next generation of loan and earning products and their recognition of XRP as an asset class is important."
Cred has insured over $ 300 million in credit lines available for the loan, 3 times more than the rest of the combined industry. The main cryptographic portfolios and cryptographic exchange platforms are integrating Cred's Crypto Line of Credit (C-LOC) platform to maintain and delight their customers. Recently, Cred announced that it will power earnings and borrow products for Universal Protocol Alliance and Uphold.
"We are thrilled to offer XRP holders the same low and low-cost cash services as ETH and BTC owners," said Dan Schatt, co-founder of Cred. "We are looking forward to continuing to support our many partners who are integrating the Cred platform to the benefit of their users".
Information on Cred
Cred is a decentralized global loan platform that facilitates open access to credit anywhere and anytime. Founded by former veterans of PayPal financial technology, Cred's mission is to exploit the power of the blockchain to allow everyone to benefit from low-cost credit products. Cred's LBA token is available in over 180 countries, including the United States. For more information, visit mycred.io or follow us on chirping, Facebook and LinkedIn.
View the source version on businesswire.com: https://www.businesswire.com/news/home/20181108005269/en/
Contacts
cred
Meghan Gardler
director of marketing
[email protected]
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