Today's Top SOA Links
From the Wires
Celsius Network Announces Increased Accessibility To Crypto-Backed Loans with Updated Terms for Borrowers
By: Business Wire
Aug. 14, 2019 10:46 AM
Celsius Network (https://celsius.network/), the industry-leading cryptocurrency platform, announces updated terms for borrowers aiming to provide millions of users with increased accessibility to low-interest crypto-backed loans. In addition, Celsius has reduced its minimum requirement for loan requests to $1,500. Recently Celsius announced it will expand its lending operations throughout Europe.
The latest updates to Celsius Networks lending service include:
Celsius began lending operations in August 2018 with a minimum loan request amount of $10,000. Driven by its mission to provide fair and transparent financial services to crypto holders, Celsius has continued to reduce the minimum amount required to request a crypto-backed loan through its platform throughout its first year in operation. The latest reduction from $3,000 to $1,500 makes Celsius Network one of the most accessible crypto-lenders in the space.
The company has also recently expanded its crypto-lending operations throughout Europe and most notably to crypto holders in Spain. “Since we opened up our lending business, our goal has been to provide loans that are in the best interest of the borrowers with low-interest rates, flexible terms, no fees, and transparent access to a user-friendly platform. Through the Celsius Network app, borrowers around the world are now able to apply for a crypto-backed loan for as little $1,500 with rates as low as 3.47%,” said Alex Mashinsky, CEO of Celsius Network.
About Celsius Network
Web 2.0 Latest News
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
SYS-CON Featured Whitepapers