Bitcoin.com, a global blockchain leader with over 11 mn Bitcoin wallets, has announced an important milestone in its ongoing strategic partnership with Belief, a blockchain-enabled global financial services platform serving clients in 190 countries.
Under the partnership, the Bitcoin.com wallet will now feature an in-app earning experience that enables users to pledge digital assets and receive interest, powered by Cred. Bitcoin.com wallet is a non-custodial crypto wallet containing various assets and resources supported. The integration will allow Bitcoin.com wallet users to easily interact with the CredEarn platform without leaving the Bitcoin.com wallet application.
The announcement of a partnership extension came at a time when crypto is gaining huge traction among mainstream consumers. The U.S. Currency Manager, the federal group responsible for the security of the banking system, recently noted that banks are now allowed to hold cryptocurrencies.
“We are always looking for new and innovative ways to deliver value to the blockchain community. Bitcoin.com is an industry leader, and we’re excited to make it as simple as possible to earn and borrow with your crypto, ”said Dan Schatt, CEO and Co-Founder of Cred.
Bitcoin.com users can use the newly redesigned CredEarn dashboard across desktop and mobile devices. The collaboration will also allow users instant access to daily interest and interest compound payments in the cryptocurrency or stablecoin of their choice. A customer can pledge one asset, but opt to receive interest payments in another asset, enabling customers free of charge to diversify their cryptocurrency portfolio.
“Belief remains at the forefront of lending and lending platforms. Their commitment to solving financial problems is why we are proud to strengthen our partnership. At Bitcoin.com, we strive to offer our customers the highest-tier blockchain services. Through Cred, our customers will continue to benefit from earning interest on their crypto through a secure and licensed financial services platform, ”said Corbin Fraser, Bitcoin.com’s Head of Product.
Founded in 2018, by PayPal financial technology veterans, Cred is a decentralized global lending platform that facilitates open access to credit anywhere and anytime. FinTech’s mission is to harness the power of blockchain to allow everyone to benefit from low-cost credit products.