Lendo’s mission is to connect conventional banking services and cryptocurrency through the Lendo card and smart wallet system. Lendo makes several types of blockchain assets, such as crypto currencies and tokens, spendable in real time when using the Lendo credit card.
The Lendo card will connect to its smart wallet that allows storage of Lendo tokens, BitCoin, Litecoin and Ethereum. Other currencies and tokens will be added in the future.
ABOUT Lendo '
The number of people buying cryptocurrencies as an investment is skyrocketing. Bitcoin, Ethereum and the other major digital currencies have shown some explosive rises in value, which is why crypto investors want to hold on to these assets. Selling them is the last thing they want to do.
But, if they want a loan, they are unable to use their cryptocurrency assets as collateral. Lendo changes that and makes it possible for fully FCA regulated conventional lenders to make a cash loan against crypto assets.
What is more, Lendo opens up the whole world to UK loan companies. With conventional lending, a loan company can’t make loans outside the legal jurisdiction it operates in, because it is impossible to control defaults on the loan. Lendo’s blockchain technology changes all that.
Loans made using the Lendo platform are secured with optional smart contracts that ensure access to the crypto collateral kept in escrow. This means an end to headaches over borrowers who default on repayments. Furthermore a lender can provide loans outside the UK market because the collateral is digital and not in any particular jurisdiction or geographic location.
March 28, 2018 – September 30, 2018
100 Million EUR
1 ELT = 0.2 EUR
BTC, ETH, and fiat currencies
Unit 5, 117 Gloucester Place, London WIU 6JU
|Min/Max Transaction Amount:||
jul. 01, 2018
|Trade on Exchange:||
HitBTC, YOBIT.net, CRYPTOPIA, BITTREX, KRAKEN, Perfect Money, Polonix, Livecoin
|Role of Token:||