Today we are excited to announce our partnership with Cred to offer financial services to Litecoin (LTC) holders. Cred, a licensed lender based in California, is the leading crypto-backed lending and borrowing platform, serving customers in 190 countries.
Starting today, Litecoin (LTC) holders will be able to benefit from this strategic partnership and earn up to ten percent interest on their digital assets. To start earning, visit mycred.io/litecoin. The funds from Litecoin Foundation and the Cred partnership will help support Litecoin development.
“We’re thrilled to be working with Cred as our financial services partner, offering among the most competitive interest rates on Litecoin,” said Charlie Lee, creator of Litecoin and Managing Director of Litecoin Foundation.
“Strong use cases should be one of the most important considerations when evaluating cryptocurrency,” said Alan Austin, Director at Litecoin Foundation. “In addition to Litecoin’s reliability, use for payments and excellent liquidity, the ability to earn interest at attractive rates through Cred’s platform further strengthens this use case. We are excited to be working with Cred to provide this offering.”
”We are delighted to partner with Litecoin Foundation, one of the oldest and most trusted names in the blockchain industryDan SchattCo-Founder and CEO of Cred
“We are delighted to partner with Litecoin Foundation, one of the oldest and most trusted names in the blockchain industry,” said Dan Schatt, Co-Founder and CEO of Cred. “We look forward to supporting the millions of Litecoin wallet holders with a more transparent, equitable set of financial services we have built, thanks to the advancement of blockchain technologies.”
The strategic partnership will allow LTC holders to earn up to ten percent interest through any of Cred’s partners including Litecoin Foundation, Bitcoin.com, Uphold, and BitBuy. Litecoin holders will be able to commit to a six-month term and receive monthly interest payments, with the option to roll over pledged assets for additional periods. Customers will receive the best Cred rates when staking Cred’s LBA utility token. No account minimum is needed and interest is paid out in fiat or cryptocurrency.
Cred is a global lending and borrowing platform that facilitates open access to credit anywhere and anytime. Founded by former PayPal financial technology veterans, Cred is headquartered in the San Francisco Bay Area. Cred’s mission is to harness the power of blockchain to allow everyone to benefit from superior financial services. Cred brings together a diverse team of entrepreneurial leaders, machine learning, and the power of blockchain technology. For more information, visit mycred.io.