BANKERA LAUNCHES A GLOBAL CRYPTO-BACKED LENDING SOLUTION

The team behind Bankera, which is building the bank
for the blockchain era, has announced the release of its very own lending
solution – Bankera Loans. The solution aims to
provide flexible and secure crypto-backed loans to cryptocurrency holders
globally begining from as low as 100 EUR up to as high as 1M EUR.

Bankera Loans acts as an alternative medium for crypto
owners who need quick access to financing, but do not want to liquidate their
positions. The solution offers clients a possibility to take out loans by
pledging cryptocurrencies as collateral and retaining the ownership of their
assets.

Crypto-backed
loans for individuals and businesses

While the concept of crypto-backed loans is not
entirely new as the surge of cryptocurrencies in 2017 precipitated a rise in
crypto-based lending platforms, current solutions tend to overlook clients
looking for smaller loans.

Bankera Loans aims to democratize access to core
banking services for all cryptocurrency market participants by providing
flexible loan solutions suited to both individuals and businesses.

“We see a big interest from the community in smaller
crypto-backed loans. This market has been heavily underserved, and typical loan
minimums in the current market are often too high. Bankera Loans solution
offers our clients the possibility to take a loan as low as 100 EUR so that all
clients can obtain the financing they need”, Bankera’s co-founder Vytautas
Karalevičius explained.

The solution also welcomes business clients looking to
utilize their crypto assets to get quick financing for leveraging positions,
expanding the business, and more.

How does the
lending process at Bankera Loans work?

Taking out a loan at Bankera is a simple process.
After completing a quick sign-up, the customer should deposit assets
to Bankera Loans wallet that can be later used as collateral; then the customer
can personalize the loan terms by choosing a preferred loan amount, loan
duration, as well as withdrawal and collateral currencies. As soon as the application is approved, the client
will receive a loan to the Bankera Loans account.

Bankera Loans customers can  choose among a number of major fiat or
cryptocurrencies for withdrawing their crypto-backed loans. Currently, the
platform supports Euro (EUR), Banker (BNK), Tether (USDT), Bitcoin (BTC),
Ethereum (ETH), NEM (XEM), and Dash (DASH) currencies with more to be added in
the future. Bankera’s own Banker (BNK) token holders can take advantage of
lower interest rates by choosing BNK as the currency for interest payments.

Having analyzed the market carefully, the company
offers competitive rates and no hidden fees. Repayments are possible at any
time while interest payments are debited automatically every month from the
client’s loans wallet.

Bankera Loans is already the third product within
Bankera’s ecosystem, following the company’s first solution – the
cryptocurrency brokerage SpectroCoin, which was released back in 2013, has now
reached one million customers. In addition, the peer-to-peer cryptocurrency
trading platform Bankera Exchange had launched at the beginning of this year.

About Bankera

Bankera aims to become the bank for the blockchain era and is
actively working to build an ecosystem of products and services that would
encompass the best of both traditional finance and crypto economy.

Bankera’s digital bank will offer financial services
such as savings and loans accounts, low-cost investment products, and crypto
funds. This essentially merges the banking and blockchain worlds together.

Learn more about Bankera Loans: https://loans.bankera.com/

Post source: BANKERA LAUNCHES A GLOBAL CRYPTO-BACKED LENDING SOLUTION

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