Litecoin Foundation has announced a strategic partnership with crypto credit company Cred, which will allow LTC owners earn up to 10% on their deposits.
Cred company allows you to deposit Litecoin on a deposit without a minimum amount of at least half a year and receive monthly payments in a crypto asset or fiat.
Cred offers customers to use nativeLBS service tokens for obtaining an increased interest rate. If a client borrows Litecoin in the amount of $ 1,000 for 10 months at an interest rate of 10%, the lender receives a guaranteed percentage of $ 100, regardless of how much the price of Litecoin has changed over this period.
Credit company Cred manages total capital of more than 300 million US dollars and operates in more than 190 countries.
Cred lending service works with well-known companies such as Bitcoin.com, Uphold or BitBuy.
Charlie Lee, founder of Litecoin, as well as Alan Austin, director of the Litecoin Foundation, assure that the income received from the new partnership will be used for the further development of Litecoin.