Leading provider of encrypted loans, Recently announced that it will provide loans in dollars that can be guaranteed by XRP. The company has published the official press release on the new development. The message said that XRP holders can now save their long-term XRP without selling or attracting tax consequences. "
In addition, the message also informed that cryptocurrency holders can now borrow at one-digit interest rates. They can then visit the provided website and receive their early access directly from there.
Founder of Arrington, investor of XRP Capital and Ripple, Mike Arrington shared official comments on recent development. "… (Cred) continues to impress me with their ability to act as a bridge of trust between the traditional financial services ecosystem and the crypto community.Credit is successfully creating the next generation of lending and earning products Their recognition of XRP as an asset class is important, "said Arrington.
In addition, Co-founder of Cred, Dan Schatt also commented on the new partnership. "We are thrilled to offer XRP owners the same low, low-cost liquidity services, and we look forward to continuing to support our many partners who are integrating the Cred platform for their users," said Schatt. .
Information on Cred
Furthermore, the official press release also provided a brief description of the company. The overview reads: "Cred is a decentralized global loan platform that facilitates open access to credit anywhere and anytime Founded by former veterans of PayPal's financial technology, Cred's mission is to harness the power of blockchain to allow everyone to benefit from low-cost credit products.In addition, Cred's LBA token is available in over 180 countries including the US … Key cryptographic portfolios and cryptographic exchange platforms are integrating the Crypto Line platform of Credit (C-LOC) of Cred … "
In addition, the company has secured more than $ 300 million in claims. As a result, this number is three times higher than the rest of the combined sector.