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With its new partnership, Bitcoin.com will look to revamp its lending offering using the Cred’s powered 1-touch Earn button.
Major cryptocurrency wallet service provider Bitcoin.com is set to bring more value to its 11million customers through a unique technical integration from Cred (a financial services firm supporting over a dozen partners with its industry-leading crypto-backed lending and borrowing platform).
The Bitcoin.com wallet is a non-custodial crypto wallet featuring a variety of supported assets and resources for crypto newcomers and enthusiasts and the new wallet feature embeds an in-app earning feature that will enable millions of its users to pledge digital assets and receive interest
Digital currency lending platforms are up and bolstering their offerings as decentralized finance lending keeps gaining massive traction in recent days. Through the integration with Cred, Bitcoin.com wallet users will be able to link with the CredEarn platform without having to leave the Bitcoin.com wallet application.
Commenting on the partnership, Co-Founder and Chief Executive Officer of Cred, Dan Schatt reaffirmed Cred’s commitment to providing value to the entire blockchain ecosystem. In his words:
“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’re excited to make it as simple as possible to earn and borrow with your crypto.”
“Cred continues to be a frontrunner amongst lending and borrowing platforms. Their dedication to solving financial problems is why we are proud to strengthen our partnership, At Bitcoin.com, we strive to offer our customers with the top-tier blockchain services. Through Cred, our customers will continue benefiting from earning interest on their crypto via a secure and licensed financial services platform.” Corbin Fraser, Head of Product at Bitcoin.com said complementing
Crypto Lending Initiatives Taking Center Stage
The narrative for lending platforms got revitalized in the United States particularly when the country’s top banking regulator, The Office of The U.S. Comptroller of the Currency declared that banks in the country can offer cryptocurrency custody services.
In order to stay ahead of the curve, core blockchain services are gradually unveiled new features to bolster their existing position in the crypto sphere. BlockFi, a New York-based lending platform recently secured a $50 million funding which it said it will use to fund some of its innovative products such as its proposed Bitcoin reward cards.
With DeFi lending platforms gaining ground globally, a wave of partnerships has spiked, while the ripple wave it caused has spread with Russian Bank Expobank delving into the lending niche when it issued its first loan with crypto tokens as collateral.
Bitcoin.com and Cred to Revamp Crypto Lending Ecosystem
With the partnership, Bitcoin.com will look to revamp its lending offering using the Cred’s powered 1-touch Earn button.
Users will also experience the newly re-designed CredEarn dashboard across desktop and mobile devices. Additional features of the partnership allow users immediate access to daily compound interest and interest payouts in the cryptocurrency or stablecoin of their choice.
A customer can pledge one asset, but choose to receive interest payments in another asset, enabling a fee-free ability for customers to diversify their cryptocurrency portfolio.
As a premier source for all things Bitcoin-related, Bitcoin.com makes both Bitcoin and Bitcoin Cash more accessible. With this multi-enhanced lending service, it will further promote its tag as the fastest Bitcoin wallet ever created