fbpx
Skip to content Skip to sidebar Skip to footer

Litecoin Holders Can Now Earn Interest Following Partnership Between Cred & Litecoin Foundation

Litecoin Foundation announced its partnership with California-based licensed lender Cred on February 10, to offer additional financial services and perks to Litecoin holders. Cred, founded by ex-Paypal executive Dan Schatt, provides collateral services which are backed by digital assets to over 190 countries.

“We’re thrilled to be working with Cred as our financial services partner, offering among the most competitive interest rates on Litecoin,” said Charlie Lee, Managing Director of Litecoin Foundation, who is also the founder of Litecoin.

Under this new partnership, Litecoin holders can enjoy earning an annual interest of 10% on the crypto assets they own through investing with any of Cred’s affiliated partners, which includes Litecoin Foundation, Bitcoin.com, Bitbuy and Uphold. Currently, this is a six-month term plan for Litecoin holders, where they can receive monthly interest payouts in either fiat or cryptocurrency.

“We look forward to supporting the millions of Litecoin wallet holders with a more transparent, equitable set of financial services we have built, thanks to the advancement of blockchain technologies,” stated Dan Schatt, co-founder and CEO of Cred.

You may also want to read: Bank of Egypt Partners with Ripple to Ramp-up International Remittances

Leave a comment

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. We bring you expansive crypto news coverage around the world. We offer many thought leadership opinions from blockchain experts and leaders of the industry.

Subscribe to SCN

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

111 North Bridge Road, 21-01, Peninsula Plaza, Singapore 179098.

Phone: +65-80282938

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

Follow Us On

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us