Litecoin has recently partnered with Cred to provide financial services to Litecoin (LTC) holders. Cred are licensed lenders based in California. Having partnered with the leading crypto-backed lending and borrowing platform are talking interest on crypto investments.
Litecoin Foundation tweeted: “Pleased to have selected ihaveCred as our strategic partner for borrowing & earning. Read more about our partnership and how you can earn up to 10% interest on LTC.”
Charlie Lee previously stated, “We’re thrilled to be working with Cred as our financial services partner, offering among the most competitive interest rates on Litecoin.”
Alan Austin, the Director at Litecoin Foundation previously stated, “Strong use cases should be one of the most important considerations when evaluating cryptocurrency.”
The use case facilitated by this partnership is considered to be reliable and useful for payments providing for excellent liquidity.
However, the several members in the community seem to require some help and clarification in this regards. There are beginners who have no clue as to what the whole thing is about. There are those who have a partial understanding of the concept. Yet others are naysayers.
Sydney Ifergan, the crypto expert tweeted: “An official reinstatement about the 10% Interest Rate from Litecoin Cred Partnership will help the community stay clear about the use case.”
Looks like more businesses are accepting Litecoin in payments. Litecoin is gearing up with some action and we need to see for how for the momentum is sustained. Wondering if events at Litecoin will get action packed.
Litecoin (LTC) holding LBA Tokens to Increase Rate
Investors are currently discussing about the Interest based use case happening at Litecoin. The interest some have understood to be computed on Fiat equivalent at the point of commitment. The interest payout likely in crypto or stable coin. Further, 10k LBA token should be pledged. It just seems like the LTC community has woken up. Some of them are not sure of what Litecoin is talking about. They feel the information is very lacking.
One of the commentators replied, “I was eager to take a look at them, but there are no rates posted on their website or the requirements of holding LBA tokens to increase the rate.”
There are innocent investors who are not sure of what is happening. They acknowledge they are new to all of these stuff, further requiring clarity on whether the Lightning Network is up and running yet. Also, expressed how they are fascinated by its possibilities in the future.