Innovative cryptocurrency lending platform, CoinLending, announces the launch of its coin-backed lending service to provide secured loans and payment services to customers
The CoinLending team has once again reiterated its commitment to providing crypto enthusiasts in different parts of the world with the best possible experience as the platform recently launched its coin-backed lending service. The product is designed for people who want coin-backed loans and interest payment services, allowing them to access loans with Bitcoin as well as multiple altcoins.
“We expect this service to help overcome economic hardship at a time when the world is struggling due to the Corona 19 outbreak.“said a CoinLending official.”CoinLending is an expert with extensive experience in blockchain software development and the blockchain economy. We provide high quality 24/7 support services around the world.“
The world of cryptocurrency has continued to expand over the years, with a plethora of products emerging to meet the growing and diverse needs of different market stakeholders. In a related development, platforms and lending institutions have emerged in recent times to provide facilities to borrowers in digital currency. Unfortunately, many coin-backed loan services are only available with Bitcoin and major altcoins, ultimately limiting access to these loans. However, CoinLending is looking to change that narrative as evidenced by the launch of its coin-backed lending service.
The loan service launched by CoinLending is unique, paying unlimited interest on certain coins while offering loans with other coins entrusted by the customer. Other amazing features of the CoinLending service include flexibility of deposits, instant receipt of interest after deposit, and variable interest rates based on supply and demand for each cryptocurrency in the lending market. .
The coin backed lending service can be effectively described as an altcoin secured lending service as it supports various coins like Bitcoin, Ethereum and all ERC20 tokens as well as stablecoins like Tether, USDC, TrueUSD , allowing as many people as possible to be part of the service.
For more information on the loan services offered by CoinLending and to apply for a loan, visit – https://coinlending.io/borrow/.
CoinLending is a licensed cryptocurrency lending platform that focuses on cryptocurrency-backed lending through coins and stable cryptocurrencies. The platform has a secure cold wallet and security options to protect users’ digital assets.
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