EOS Joins YouHodler
YouHodler is a FinTech platform that allows for crypto-backed loans, instant payments, and for the use of all major cryptocurrencies as collateral. According to Ambcrypto article, the YouHodler “recently announced via a company blog the introduction of the EOS token to their growing list of crypto options.” The token will be the 11th addition to their cryptocurrency list.
Similar to other coins on the platform, EOS can be used in various ways. For example, users can convert EOS to another cryptocurrency, fiat currency, or stablecoin found on the platform. Or, they can use it as collateral for a loan. The platform adds flexibility by allowing users to withdraw the funds from a Visa or Mastercard bank card.
Blockgeeks describes EOS as a blockchain “aiming to become a decentralized operating system which can support industrial-scale decentralized applications.” Moreover, it states that EOS provides scalability, flexibility, governance, and usability.
Ambcrypto also added in its post that the original YouHodler announcement stated that the platform is
“So excited to have Eos as part of the YouHodler family. EOS users are some of the most resourceful and innovative in this industry and we encourage them to bring their thoughts and idea to YouHodler’s community. We are always open for collaboration of all shapes and sizes. We look forward to hearing from you!”