The Litecoin Foundation has announced a strategic partnership with crypto lending company Cred, which will allowLTC owners earn up to 10% on their deposits.
Cred allows you to deposit Litecoin without a minimum amount for 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 a total capital of more than $300 million and operatesin more than 190 countries around the world.
Cred's lending service has partnered with well-known firms 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.
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