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Crowdlending platform accepts cryptocurrencies

16.01.2018 11:42

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The provider for Crowdlending Crowd4Cash located in Zug is one of the first in the market who enables lenders to invest into Peer-to-Peer loans with an attractive return rate with cryptocurrencies. Exchange fees are remarkably low. 

Crowd4Cash went live in March 2017. The platform takes a classical peer to peer landing approach. However there a some differences to other platforms: “We tend to have higher returns and are offering a lower minimum investment than most of our competitors”, explains Roger Bossard, Crowd4Cash’s Founder and CEO. Another distinctive feature was launched this week. . Crowd4Cash offers cryptocurrency-investors a whole new alternative to their cryptocurrency exchange valued in CHF on a Swiss bank account with zero interest rate.

Investors may easily pay their invested amounts with Bitcoins or Litecoins. Crowd4Cash collaborates with one of the market leading Swiss Crypto Currency Traders. The company is ready to convert cryptocurrencies into CHF quickly and low-priced. The exchange fee is 1% for BTC and 1.25% for LTC and the exchange rate correspond to the interbank rate.“ Crowd4Cash does not add any fee for this service - only external transaction costs are allocated. “We are massively cheaper than existing offers, which indirectly leads to higher returns”, comments Bossard.

“As a digital marketplace for lending, it goes without saying that we also have to accept digital currencies. Investors, and thus lenders, can place their earnings generated by investing in cryptocurrencies with a yield of 4 to 9%" says Bossard. Compared to the attractive return there is a rather low risk. Only 20% of the potential borrowers manage to be on-boarded onto the platform. Private borrowers are obliged to prove they are worthy of a credit and solvent enough for pay-back. Internal as external data on solvency provide information for an independent credit rating. The strict check serves everyone: "The default rate at Crowd4Cash is currently 0%" says Roger Bossard. Furthermore platform fee is surprisingly low. Lenders just pay 0.5% p.a. of the invested amount p.a. thanks to a lean staff structure, low marketing effort and the lack of agencies.

(SK)

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