We are excited to announce we’ve strengthened our partnership with a global blockchain leader, housing over 11 million Bitcoin wallets, Bitcoin.com. The deeper Cred – Bitcoin.com integration marks a significant milestone in our ongoing strategic partnership. The latest Bitcoin.com wallet now features an in-app earning experience enabling millions of users to pledge digital assets and receive interest, powered by Cred.
The Bitcoin.com wallet is a non-custodial crypto wallet featuring a variety of supported assets and resources for crypto newcomers and enthusiasts alike. The integration allows Bitcoin.com wallet users to easily interact with the CredEarn platform without ever leaving the Bitcoin.com wallet application.
Crypto adoption
The furthering of Cred’s partnership with Bitcoin.com comes at an exciting time when crypto is gaining traction amongst mainstream consumers. The U.S. Comptroller of the Currency, the federal group responsible for the banking system’s security, recently stated banks are now allowed to hold cryptocurrencies. Additionally, leading traditional payment players Visa and Mastercard recently announced the support of crypto by participating in respective projects and collaborations driving blockchain and crypto adoption.
“We are always looking for new and innovative ways to provide value to the blockchain community,” said Dan Schatt, CEO and Co-Founder of Cred. “Bitcoin.com is a leader in the industry, and we’re excited to make it as simple as possible to earn and borrow with your crypto.”
Bitcoin breaks out
Bitcoin prices reached a 2020 high, jumping 13% in a one-day timeframe to break through $11,000, and this high volume surge marks an optimistic outlook for the digital asset. The spike in BTC’s price raises optimism among bitcoin bulls that the cryptocurrency can replace traditional stores of value like gold, which has also been hitting all-time highs. The dollar’s value is down significantly year-to-date amidst record levels of economic relief spending.
Bitcoin.com users will experience the newly re-designed CredEarn dashboard across desktop and mobile devices. Additional features of the partnership allow users immediate access to daily compound interest and interest payouts in the cryptocurrency or stablecoin of their choice. A customer can pledge one asset, but choose to receive interest payments in another asset, enabling a fee-free ability for customers to diversify their cryptocurrency portfolio.
“Cred continues to be a frontrunner amongst lending and borrowing platforms. Their dedication to solving financial problems is why we are proud to strengthen our partnership,” said Corbin Fraser, the Head of Product at Bitcoin.com. “At Bitcoin.com, we strive to offer our customers with the top-tier blockchain services. Through Cred, our customers will continue benefiting from earning interest on their crypto via a secure and licensed financial services platform.”
As the leading source for all things Bitcoin-related, Bitcoin.com makes both Bitcoin Cash and Bitcoin more accessible. Claimed to house the fastest Bitcoin wallet ever created, Bitcoin.com fosters a passionate community where users read the latest news or engage with the community on the Bitcoin Forum. Their website provides helpful tools and real-time market price and chart information, as well as Bitcoin mining and Bitcoin events information.
The strengthened partnership with Bitcoin.com follows significant growth and innovation from Cred. Cred is a licensed lender headquartered in the San Francisco Bay Area, supporting over a dozen partners with its industry-leading crypto-backed lending and borrowing platform. Founded by PayPal veterans, Cred powers the financial services offerings for some of the most well-known blockchain organizations globally, including the Litecoin Foundation and Uphold. For more information, visit www.mycred.io.
You can download the Bitcoin.com Wallet on the App Store or get it on Google Play.
Disclaimer: CredEarn is the trade name for a service offered to non-US persons by Cred LLC, which is an entity distinct and separate from Cred (US) LLC. CredEarn allows you to extend a loan to Cred LLC. The purpose of the loan is to allow you to earn an enhanced yield on your crypto assets, such as Bitcoin. Cred LLC is not a bank and CredEarn services are not insured by the FDIC. CredBorrow and C-LOC™ are trade names for lending products of Cred (US) LLC, a licensed lender and a wholly-owned subsidiary of Cred LLC. Loans, loan amounts, terms, and rates are not available in every jurisdiction, or for every collateral type. The availability of rates, crypto types, loan amounts, and other terms are subject to change. Loan applicants are subject to AML and KYC screening. Terms, conditions, and restrictions apply. Loans made or arranged pursuant to California Finance Lenders Law License 60DBO - 91480.
