LONDON, July 5, 2022 /PRNewswire/ -- Wirex, the leading payments platform, 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.
Crypto loans have become hugely popular in recent months due to their advantages over traditional loans. Wirex's core aim is to bring the benefits of DeFi to the mass market, and Wirex Credit adds new use cases for crypto to their 5 million customers.
WIREX LAUNCHES CRYPTO-BACKED CREDIT
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 the Wirex card. As the first company in the world to develop a crypto-enabled card, it's linked up to the award-winning Wirex app, meaning credit can be spent at over 80 million locations globally, in-store or online,...
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