With the new partnership, Bitcoin.com will be looking to update its lending offerings with the One-Touch Earn From Cred button.
Major cryptocurrency wallet service provider Bitcoin.com aims to add value to its 11 million customers through a unique technical integration from Cred (a financial services company that supports more than a dozen partners with its industry-leading cryptocurrency lending and borrowing platform).
The Bitcoin.com Wallet is a non-custodial cryptocurrency wallet with many supported assets and resources for crypto novices and enthusiasts, and the new wallet feature includes an in-app earning feature that will allow millions of its users to pledge digital assets and gain interest
Digital currency lending platforms are expanding and expanding their offerings as decentralized financial lending continues to gain traction in recent days. With the integration with Cred, Bitcoin.com wallet users will be able to connect to the CredEarn platform without leaving the Bitcoin.com wallet app.
Commenting on the partnership, Cred's co-founder and CEO Dan Schatt reaffirmed Cred's commitment to delivering value to the entire blockchain ecosystem. According to him:
“We are always looking for new and innovative ways to provide value to the blockchain community, Bitcoin.com is a leader in the industry and we are excited to make it as easy as possible to earn and borrow with your cryptocurrency.”
“Cred continues to be the leading lending and borrowing platform. Their commitment to solving financial problems is why we are proud to strengthen our partnership. At Bitcoin.com, we are committed to offering top-notch blockchain services to our clients. With Cred, our clients will continue to earn interest from their cryptocurrency through a secure and licensed financial services platform.” Corbin Frazier, head of products at Bitcoin.com, said he complements
Crypto lending initiatives take center stage
The narrative of lending platforms has revived in the United States, especially when the country's main banking regulator, the United States Comptroller's Office, announced that banks in the country could offer crypto custody services.
To stay one step ahead, the mainstream blockchain services are gradually unveiling new features to solidify their existing positions in the cryptosphere. BlockFi, a New York-based lending platform, recently received $ 50 million in funding that it says will be used to fund some of its innovative products, such as Bitcoin's bonus cards on offer.
As DeFi lending platforms gain in popularity around the world, the wave of partnerships has skyrocketed, while the ripple it has sparked has spread as Russian Expobank delved into the lending niche by issuing its first loan with cryptocurrency tokens as collateral.
Bitcoin.com and Cred as part of the crypto lending ecosystem renewal
As part of the partnership, Bitcoin.com will seek to update its lending offer with the One-Touch Earn From Cred button.
Users will also see an updated CredEarn dashboard on desktop and mobile. Additional partnership features allow users to instantly receive daily compound interest and interest payments in the cryptocurrency or stablecoin of their choice.
A client can pledge one asset, but choose to receive interest payments in another asset, which gives clients the opportunity to diversify their portfolio of cryptocurrencies without commission.
As the main source of everything bitcoin, Bitcoin.com makes bitcoin and bitcoin cash more affordable. With this multifunctional lending service, he will continue to promote his tag as the fastest Bitcoin wallet ever created.