#libra#Binance
15/11/19 07:40 UTC-4

Blockchain.com cryptocurrency wallet offers loans

CryptocurrencyBlockchain.com offers cryptocurrency lending
Blockchain.com offers cryptocurrency lending

BlockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
.com creator Peter Smith issued loans worth $10 million. The team is in the top 5 reputable lenders in the field of cryptography, according to the company's blog.

 

Blockchain.com competes with Genesis Capital

The launch of lending activities took place in August among selected customers. The results made Blockchain.com one of the five major cryptocurrency lending services. The company's customers lent, exchanged, or borrowed more than $1.6 billion in cryptocurrencies. CEO Peter Smith explains why the team can compete with Genesis Capital and BlockFi:

“We have no size restrictions. This is probably unique, and therefore other credit bureaus borrow from us.”

The reason for launching lending services is the desire to provide potential colleagues with reliable counterparties in transactions with cryptocurrencies. Customers need a partner who lends on a large scale without fear of risks.

The team offers institutional clients access to a reliable, high-quality source of liquidityLiquidity
– is a term that means the ability to sell any financial assets (below or above the market price). The term “liquidity” in Latin means “liquid”, “flowing”.Details
as they create fair and efficient markets, today cryptocurrency news reports.  

Blockchain.com's interest rates are different for every credit transactionTransaction
– is a financial term that means a logically meaningful operation that can only be carried out completely. Details
. Smith emphasized:

“There is no standard rate. In this deal, we are cheaper than Genesis, and in the next, vice versa.”

In the field of lending and processing transactions with cryptocurrencies, there is a risk of a credit bubble explosion. The company of Peter Smith is not afraid of a potential threat, since the demands on customers are high.

At a conference in New York, Michael Moreau of Genesis Global TradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
noted that the company never had a single default on a loan due to the fact that they deal with very creditworthy customers. This level of caution makes the business less profitable than it could be if the company attracted more risky customers.

Interesting in the section: Whale games: who manages the cryptocurrency market

 

See also: "BRICS countries discuss the creation of cryptocurrencies for payment settlements"

#cryptocurrency #lending #Blockchain.com #GenesisCapital #BlockFi

Editor: Daria Mukhina
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