Inlock Cryptocurrency Lending Platform Collaborates With Bitconist
INLOCK, a lending platform for crypto holders, has decided to collaborate with Bitcoinist to assist the general populace on the challenge of spendability, and how loans pegged on cryptos can assist in the solidity of the international economy.
One of the key roles of any fiscal system is lending, with virtual assets being part of it. As a way of collaborating with Bitcoinist, INLOCK is in one way or the other trying to publicize a key obstacle to the usage and adoption of cryptos, this is all about spendability.
According to the CMO of INLOCK, Peter Gergo, their collaboration with Bitcoinist is very beneficial and proficient. The lending platform intends to scale up and reach the masses through the partnership, thus raising awareness concerning the challenge of spendability as well as the solution that they have in solving it.
INLOCK makes it possible for owners of virtual assets to manage short-term liquidity by accessing loans as well as making use of their virtual assets as collateral. This is regardless of the fluctuation of the prices. On the other hand, accredited lenders are also able to use the platform to offer risk-free credit facilities to crypto holders and get some interest. Eventually, the platform offers a win-win scenario for the parties involved.
According to Norbert Radoki, the CEO of Bitcoinist, who also doubles as the INLOCK media advisor, advancing loans is a key driver of development in any fiscal structure. In this regard, the service being offered by the partnership goes a long way in adding value to the virtual asset bionetwork by offering holders and businesses with access to instant credit services.
Since it has now become possible to convert virtual assets to fiat currency instantly, the risks involved for lenders is just identical to those that conventional banking institutions face. This implies that borrowers are able to convert their virtual assets into hard cash, while institutional investors are in a position of being lenders on their own terms.
In many ways, INLOCK is the way out of a common challenge that many people face on a day to day basis. Meaning that the need for credit facilities is evident and cannot be challenged.
With Bitcoinist, Safety Is Assured
Bitcoinist will expound on the challenge of spendability, an issue which has to be addressed even as virtual assets go mainstream. The approach taken by INLOCK will be held in comparison to comparable platforms like SALT, Ethlend and Nexos.
According to Csaba Csabai, the CEO of INLOCK, one requires an element of deep understanding in order to write about multifaceted projects such as the one they have. The kind of technology as well as the economic structures in their different perspectives is vital to comprehend the dynamic world of ICOs.
Consequently, it is important that INLOCK gets the correct communication channel, and it is good that they now have it with Bitcoinist, which has several years of experience. This will go a long way in addressing communication challenges.