The history of financial services provided to crypto users is all set to get a swanky new makeover thanks to Change and ETHLend. The soon to be launched cryptpcurrency wallet and debit card by Change is expected to provide a positive stimulus to the growth of mobile finance by building a comprehensive infrastructure. Change looks after managing crypto portfolios and providing fast and safe methods of acquiring, storing and transferring the digital currencies including ERC-20 tokens. Options for easy conversion of cryptocurrencies shall soon be provided by the Change card across the globe with zero transaction fees.
ETHLend is a peer-to-peer lending DApp (decentralised app) which uses ENS domain or ERC20 token as a collateral for entering into crypto transactions. The ETHLend team is also looking after the development of a lending based on credit rating along with secure and flexible trading tools. ETHLend does not hold any of the assets with everything passing through Ethereum Smart contracts. Using ETHLend, users can have the immense freedom of becoming their own bank in the Ethereum network and also engage in crypto transactions within seconds.
The decentralized and borderless blockchain based marketplace of ETHLend on the other hand removes difference in interest rate in between countries by creating a competitive platform for all the global participants to showcase their true potential. ETHLend shall cater to finding solutions arising from problems regarding decentralized credit rating and controls, collateral control and volatility risks associated with fiat pegging options. Long term goals which are in sync with the core values of both these companies such as financial inclusion, true decentralization, mainstream acceptance and transparency of cryptocurrencies shall form the basis of this fundamental partnership.
Also Read: ETHLend Collaborates With Brickblock To Improve Blockchain Based Lending
LEND token shall foremost be listed by Change in its wallet and the services provided by ETHLend shall be included in its financial marketplace. This will aid interested investors with greater exposure into the usage of financial services which are provided by ETHLend and Change. The ETHLend borrowers can also spend their funds by using their Change debit cards. The resultant payment shall be processed automatically in local currency without burdening users with additional fees. This will surely hike up the efficiency level of Borrowed Ethereum or LEND token as a payment method. It shall be ensured by ETHLend that the users of Change can become ETHLend platform lenders and make use of the assets listed on Change for identity management and also as a collateral. Cross-platform user integration will result from the same accompanied by seamless usage of interconnected services. Once the Change platform manages to list a premium product in its portfolio, and wider user base gets acquired by the ETHLend DApp, both Change and ETHLend shall try and establish long term business relationships. The position of both these companies shall hence be strengthened as global providers of decentralized financial services.
The concept of Change was born from the massive FinTech changes taking shape in the traditional banking industry revolutionizing its operations. The customers of Change are offered with a card and FinTech marketplace access by the company. Using just one application, customers can choose from an array of investing opportunities. It also becomes easier to manage the crypto funds in a safe and hassle free manner using the debit card and mobile wallet services provided by Change.
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