A new product from a subsidiary of Binance allows you toObtain borrowed funds using the technologydecentralized finance (DeFi).
Swipe company, which belongs to the largest softwareBinance has introduced a new Visa card that allows the holder to borrow funds using blockchain technology. A product called the LendFi Visa Card works on the basis of decentralized finance (DeFi) protocols, Cointelegraph writes.
The card is integrated with the LendFi app. A Swipe spokesman emphasized that it will work on the Compound protocol. The new platform will approve loans for users and transfer them to their accounts. The card also allows you to pay with stablecoins.
LendFi Visa Cards are available forcustomers from the USA. They need to download a special application, register and go through the verification procedure. After submitting the application, the client can order a physical card. It also offers 4% cashback on all purchases.
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