Cred’s Lend-Borrow-Asset (LBA) token hodlers and US residents have a new reason to be excited today. For the first time, United States residents will be able to purchase LBA through Uphold with zero commissions. LBA is already available for purchase in 180+ countries.
“LBA is designed to empower individuals and companies to take control of their financial services, lowering interest rates on loans and increasing interest on digital assets,”
said Dan Schatt, Co-founder and President of Cred. “It will also become a powerful governance utility, allowing LBA customers to vote on product enhancements that are meaningful to the LBA community. We’re thrilled that Uphold is the first to make LBA available in the United States, and share their commitment to providing more inclusive, transparent and equitable financial products.”
On Monday, Uphold unveiled Uphold Earn and Borrow, powered by Cred. These two revolutionary products that leverage blockchain technology to address mass consumer personal finance pain points: the desire for higher rates on their holdings and the need for less expensive and more flexible forms of credit.
What are the benefits of owning LBA token?
Buying and holding LBA token have a variety of benefits that make it a desirable token to keep in your cryptocurrency portfolio.
- Create better loan terms. Use LBA tokens to lower the interest rate of your loan.
- Your opinion counts! Vote on specific projects and proposals to facilitate platform technology development.
- Exchange and share. Share LBA with family and friends to help them better their own crypto-loan terms.
- Utilize the protocol. Access and develop upon the Cred protocol modules- scoring, badging, identity and marketplaces.