Cred Lending Token (LBA) Partners with Uphold, Secures $200M in Credit Facility
Cred Partners with Uphold and Secures $200M in Credit Facility
The decentralized global lending platform Cred, has managed to get $200 Million USD valued in digital currency lending facilities. Cred has not only secured an unprecedented lending facility, but has also made a vital milestone in securing a partnership with Uphold. LBA token, which is the fuel in Cred’s platform is now available in more than 170 countries secured in Uphold’s fiat and crypto banking platform. Upload users are set to benefit as they will now be in a position to use digital currency, debit/credit cards and fiat cash to buy LBA tokens. They will also have access to token-backed loans.
This partnership has brought with it some attractive perks. Uphold is not taking any commission on all LBA purchase transactions carried out in this platform. LBA tokens of the Cred network will giver substantial benefits to Uphold members. These benefits include a significant reduction in interest rates of the loans and a smooth, less bureaucratic loan process. This listing brings forth the growing Cred network and rich pool of liquidity that is available globally.
Dan Schatt, who is the Co-founder and President of the Cred platform said that they are excited and are working to push the partnership to another level with Uphold. They want to design a model where digital currencies can be leveraged to enable every participant get a fair deal. He continued saying that they have always considered Uphold as the token economy bank, considering its transparency and highly secure reserve infrastructure. He finished saying that Cred is thrilled having partnered with such visionary leaders in the crypto industry.
Get to Know Cred
Cred global decentralized lending network helps individuals get access to credit easily, anywhere and at any time. This company was established by PayPal financial technology veterans and has since managed to secure more than $200 million in lending capital. The firm has offices all over the world including in San Francisco, USA, Singapore, Shanghai, Munich and Sydney. It is led by its mission of utilizing the power inherent in the blockchain to enable as many people as possible to take advantage of low-cost credit facilities. It has a diverse and able team of entrepreneurs, machine learning experts as well as blockchain technology experts among others.
Know More About Uphold Inc.
Uphold is the company behind the interesting and utility digital money platform that is open, transparent, trusted. The platform allows users to safely and quickly access fiat currencies, digital coins as well as other investments stacked in one place. In the time that this platform has been operating, it has managed to facilitate in excess of $3.5 billion in transactions in about 184 countries supporting more than 30 strong currencies and four commodities.
The platform gives access to the widest range of investments and currencies all managed in one platform. In addition to that, it is secure, open and transparent. As the only company publishing real-time reserve holdings, Uphold is able to provide to its users vital information to make informed financial and trading decisions. You can find Uphold offices all over the world including Los Angeles, San Francisco, Braga, Mexico and London. For more information, check Uphold’s official website or follow the company on Facebook, Twitter and Linkedln.