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Bitcoin.com integrates Cred to its wallet helping customers earn interest on their crypto

By Pavithra R

August 24, 2020

  • Bitcoin.Com
  • Cred
  • Tokyo
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Bitcoin.com, a global blockchain leader with over 11 mn Bitcoin wallets, has announced a major milestone in its ongoing strategic partnership with Cred, a global blockchain-enabled financial services platform serving clients in 190 countries.

Under the partnership, Bitcoin.com wallet will now feature an in-app earning experience enabling users to pledge digital assets and receive interest, powered by Cred. The Bitcoin.com wallet is a non-custodial crypto wallet featuring various supported assets and resources. The integration will allow Bitcoin.com wallet users to easily interact with the CredEarn platform without leaving the Bitcoin.com wallet application.

The partnership extension announcement came at a time when crypto is gaining huge traction amongst mainstream consumers. Recently, the U.S. Comptroller of the Currency, the federal group responsible for the banking system’s security, stated that banks are now allowed to hold cryptocurrencies. 

“We are always looking for new and innovative ways to provide value to the blockchain community. 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,” said Dan Schatt, CEO and Co-Founder of Cred.

Bitcoin.com users can use the newly re-designed CredEarn dashboard across desktop and mobile devices. The collaboration will also allow users to immediately access 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. 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,” said Corbin Fraser, the Head of Product at Bitcoin.com.

Founded in 2018, by former PayPal financial technology veterans, Cred is a decentralized global lending platform that facilitates open access to credit anywhere and anytime. The FinTech’s mission is to harness the power of blockchain to allow everyone to benefit from low-cost credit products.

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