Daily News: May 10, 2019

Bitcoin.com, Cred Partner to Offer Lending and Borrowing

Bitcoin.com and Cred, a provider of crypto borrowing and lending with over $300 million in credit facilities, entered into a partnership that will allow Bitcoin.com customers to earn up to 10% of interest on their Bitcoin and Bitcoin Cash.

“At Bitcoin.com, we believe borrowing and lending services are a natural next step for Bitcoin wallet holders and will be very attractive to users of Bitcoin Cash,” said Roger Ver, CEO of Bitcoin.com. “In Cred, we have found a like-minded partner who shares our vision and brings significant experience and a solid track record in offering reliable, secure crypto backed lending and borrowing services to the crypto community.”

“We’re thrilled to offer Bitcoin.com customers the opportunity to earn interest on their digital assets,” said Dan Schatt, co-founder and president of Cred. “Whether the market is up or down, customers can benefit from the liquidity they receive when obtaining a fixed amount of interest in Stablecoin. Customers also benefit by receiving the full upside on the amount of crypto they originally committed.”

Customers of Bitcoin.com will be able to commit to a six-month term and have the option to rollover assets for additional periods. Customers receive the best rates when staking Cred’s LBA token. No account minimum is needed and interest is paid out in Stablecoin every three months. The principal is paid back in the crypto amounts that were initially received.

Cred is backed by some of the largest investors in crypto and tech including 500 Startups, Arrington XRP Capital, Blocktower, FBG Capital, and Binance Labs. Cred is also a founding member of the Universal Protocol Alliance, a board member of the Blockchain Advocacy Coalition.