Litecoin (LTC) Cryptocurrency Will Now Be Supported By Lending Platform Cred
If you are following the crypto ecosystem closely in 2019, you would have surely noticed that they are having an incredible year. In fact, it is one of the only top cryptocurrency to outperform Bitcoin in the recent bull run. This has added legitimacy to the coin and now many companies want to support LTC on their platforms. Cred becomes the latest one to do so.
— Cred (@ihaveCred) July 26, 2019
Cred team’s official announcement says that their CredEarn platform on Uphold will support Litecoin. Members of Uphold who possess LTC can earn over 8% and the interest will be paid quarterly. All they need to do is sign up for Cred using their Litecoin wallet.
They go on to say that on the 1st and 15 monthly, Cred will begin the user’s program and interest will start to accumulate on that date. There are numerous benefits that these two firms will enjoy independently. The first and foremost being that there is no minimum and maximum account size required to start earning. Interest is annualized and paid every 3 months in USD, LBA or stablecoin. Additionally, their platform is secure through Lockton and has one of the best crypto-insurance available.
CredEarn is striving to democratize fair lending and borrowing. Customers holding Bitcoin, ETH, and XRP in their Uphold accounts will also be eligible to earn substantial interest rates. For LBA token holders, they’ll get special consideration for the higher interest rates available for CredEarn.