We’re pleased to announce that Cred has formed a strategic partnership with Litecoin Foundation, whose mission is to advance state-of-the-art blockchain technologies primarily through Litecoin (LTC). LTC is a top 6 global cryptocurrency with a coin market cap of nearly $5 billion dollars. In a press release issued today, Cred will designate funds from its partnership to help support Litecoin development. In addition, Cred will also offer its legal, regulatory, technical and financial support to the Litecoin Foundation. To celebrate the partnership, the Litecoin Foundation will be offering a 10% annual interest rate on Litecoin for a limited time, powered by Cred. If you are an LTC hodler and want to take advantage of this limited-time offer, click here.
At Cred, we believe we have an obligation to help Foundations navigate the complicated tax, compliance and liquidity needs of the broader crypto community. Crypto foundations such as the Litecoin Foundation play a very important role in the ecosystem — they provide critical technical support and thought leadership to developers that spur innovation and practical problem-solving that is necessary to provide solutions to industry problems at scale.
As a bridge between the crypto ecosystem and the traditional financial services ecosystem, we can help Foundations scale their involvement with their developer community by providing lending, borrowing, capital markets, and merchant services.
“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, creator of Litecoin and Managing Director of Litecoin Foundation.
Cred has a unique vantage point in supporting leading exchanges, wallets alliances and foundations across the ecosystem. We see common themes in areas that need to be addressed and we actively work to support them for all of our partners — whether it’s the education of politicians and regulators, the development of new security and risk management solutions, or evolving new collaborative business models that support new financial supply chains, we are excited to connect great ideas to the world’s next-generation financial infrastructure.
We are proud that our partners and their customers get to enjoy the ultimate fruits of our labor – their money working smarter and harder.
We are inspired that world-leading crypto organizations like the Litecoin Foundation choose Cred, whether it’s due to Cred’s top-notch, technical competencies, the caliber of the team, or the breadth of its offerings. As a licensed lender based in California, Cred offers its partners a proven track record of delivering returns, a strong commitment to security and risk management, and extensive regulatory expertise.
To learn more about the partnership, click here.
To start earning, visit mycred.io/litecoin.
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.
