Cred Announces Support for Litecoin

1 min read

We are excited to announce the addition of Litecoin support through our CredEarn platform on Uphold. Uphold users who hold LTC are now able to earn up to 8% on the token, with interest paid every three months.

LTC is the fourth-largest cryptocurrency and is among the most popular and fastest digital assets that have stood the test of time. Founded in 2011 by Charlie Lee, according to the Litecoin website, “Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.” If you’re familiar with the digital currency Bitcoin, the above definition might sound similar. That’s because Litecoin is based on Bitcoin’s open-source codebase, but with a few technological differences.

Allowing LTC Holders to earn on their assets adds an incredibly powerful use case to Litecoin. Uphold users with a Litecoin wallet simply sign up for Cred, then hit Start Earning. On the first and fifteenth of every month, Cred will activate your program and interest will start to accrue on that date.

Key Features and Benefits

  • Safety and security of the most comprehensive crypto-insurance available through Lockton. Read more about Cred’s insurance here.
  • No minimum or maximum account size needed to start earning.
  • Cred’s LBA holders can access premium interest rates and features like early withdrawal, no penalty (subject to availability).
  • Interest is annualized and paid quarterly in USD, LBA or stablecoin.
  • No monthly or hidden fees.

Start Earning on Litecoin Now

About Cred
Cred is a decentralized global lending platform that facilitates open access to credit anywhere and anytime. Founded by former PayPal financial technology veterans, Cred has secured over $300 million of lending capital with offices in San Francisco and Shanghai. Cred’s mission is to harness the power of blockchain to allow everyone to benefit from low-cost credit products. Cred brings together a diverse team of entrepreneurial leaders, machine learning, and the power of blockchain technology.

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Disclaimer: Cred (US) LLC is a licensed lender and allows some borrowers to earn a yield on cryptocurrency pledged as collateral. That yield feature is sometimes referred to as “CredEarn.” Outside the United States, Cred LLC accepts loans of cryptocurrency from non-U.S. persons and pays interest on those loans. Neither Cred LLC nor Cred (US) LLC sell or offer to sell investments or securities; neither entity is a bank and no transaction or arrangement provided by either entity is guaranteed or insured by the FDIC or any other governmental entity. “CredBorrow” and “crypto line of credit” (abbreviated “C-LOC”) are trade names for lending products of Cred (US) LLC. This communication may not be used to offer or sell anything in any jurisdiction if doing so is not lawful. Loans made or arranged pursuant to California Finance Lenders Law License 60DBO-58789.

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