Wirex Launches Crypto-Backed Credit
— Uniquely placed, Dmitry lazarichev, Esoteric world, 80 million locations around, Everyday life, Based company, Product, Photo, Media, Prnewswire — 1 min read
Wirex has launched Wirex Credit, offering highly competitive interest rates and no origination fee for crypto-backed loans. Users can easily borrow up to $100,000 in stablecoins, with a loan to value (LTV) of up to 80% within the Wirex app. Wirex is the first company in the world to develop a crypto-enabled card, which can be spent at over 80 million locations globally, in-store or online, wherever Visa or Mastercard is accepted. The product enables users to gain access to credit regardless of market conditions, whether that earning funds from investing into DeFi protocols or purchasing a getaway using Wirex card. The company plans to expand the tokens that credit are offered on and the regional availability. Source