Change partners with decentralised lending platform ETHLend to bring global lending and borrowing to Change Marketplace.
ETHLend is a fully decentralized peer-to-peer lending platform that enables the lending and borrowing of cryptocurrencies by using any ERC20 token or ENS domain as a collateral. ETHLend is also developing credit rating based lending as well as flexible and secure tools for trading. Everything goes through Ethereum Smart contracts and no assets are held by ETHLend.
Change provides a decentralized alternative to banking. Change Wallet facilitates the management of cryptocurrency portfolios, providing fast and secure ways to acquire, store, and transfer major digital currencies such as Bitcoin, Ether, and Litecoin. With Change Card, users can make payments in millions of online and offline locations all around the globe, and Change Marketplace aggregates a vast array of financial services to create a complete, bank-like experience in the realm of personal finance.
ETHLend and Change are proud to open a new page in the history of the financial services for crypto users. This partnership brings both companies closer to their common goals — decentralization, financial inclusion, transparency and mainstream acceptance of cryptocurrencies.
Change will start by integrating ETHLend’s token (LEND) into Change Wallet. ETHLend will then integrate Change’s financial marketplace as a service provider.
Additionally, ETHLend borrowers will be able to convert their funds with the use of Change payment card. The payment will be automatically processed in the local currency without any additional fees, enabling LEND token as an efficient method of payment.
ETHLend ensures that Change users can become lenders on the ETHLend platform and use their assets listed on Change as a collateral and identity management. This allows cross-platform user integration as well as seamless use of the interconnected services.
ETHLend and Change seek to establish long term business relations, and this partnership strengthens the position of both companies as global providers of decentralised financial services.