Credits & FinWhaleX Partnership
The Credits platform and FinWhaleX are happy to announce that they have entered into a partnership agreement. The subject of the agreement is the integration of the Credits native coin (CS) into the scope of services of FinWhaleX as a means of payment.
The agreement opens new opportunities for Credits Coin holders to take out loans reserving CS coins on the platform balance.
FinWhaleX is a specialized cryptocurrency platform for P2P lending secured by digital assets. The current amount of users is 18,000. FinWhaleX is the first platform in the world that can accept #Steam inventory as collateral. The platform offers real money secured by Steam Market gaming equipment as well as the opportunity of taking out loans secured by digital assets with direct agreement between the lender and the borrower.
The partnership agreement between Credits and FinWhaleX allows borrowers on the platform to take out money secured by Credits Coins on the basis of a loan agreement, directly discussing the conditions with a private lender. After you reserve Credits coins, it becomes possible to get access to funding in BTC, ETH, USDT, USDC, TUSD.
The main benefits offered by the partnership agreement include the elimination of currency gateways as intermediaries to the loan issuance process. Holders of the Credits Coin no longer need to sell their Credits assets to get the funds they require. Users will also be able to borrow cash against the Credits Coin and get their collateral back after the payoff is settled.
Additional benefits include the lack of need for credit history checks. Users will no longer be required to prove their creditworthiness and ability to pay. The flexible conditions offered by FinWhaleX grant users the ability to resort to various payment methods for withdrawing the borrowed funds quickly and hassle-free.
The lending industry on the basis of digital assets is experiencing rapid growth and is contributing to the growth of the cryptocurrency community. The increased use of Credits Coin as a means of lending and borrowing is certain to have a positive impact on the liquidity of the asset.
Disclaimer: The user expressly knows and agrees that the user is using the FinWhale platform at the user’s sole risk. The Credits team cannot be held liable for funds stored on third-party services. The user is encouraged to conduct their own due diligence before deciding to use any third-party services.