Cred, a global digital asset lending and borrowing platform, today announced that it has joined Visa’s Fast Track program, accelerating the integration process with Visa.
Acceptance into this program makes it easier for Cred to exploit the scope, capabilities and security offered by Visa.
Through Fast Track, Cred will leverage several capabilities of Visa to facilitate lending and borrowing of digital assets around the world. This includes sending interest payments directly to customers’ bank accounts through Visa’s network, issuing Crypto Line of Credit (C-LOC) cards that allow customers to access a line of credit without liquidate their crypto assets, and an easy way to acquire digital assets using Visa payment. some products.
“We are delighted to join Visa’s Fast Track program, which will strengthen Cred’s mission to provide fair financial services and expand its lending and borrowing services in the most efficient way possible,” said Dan Schatt. , CEO and co-founder of Cred. “Cred has always served as a bridge between traditional banking and blockchain-based financial services and having a direct relationship with Visa will allow the business to grow much faster to support the significant growth that occurs with lending. ‘digital assets. “
“As the preferred network for digital currency wallets, we are excited to help innovative fintechs like Cred harness the value of Visa’s network,” said Cuy Sheffield, Head of Crypto at Visa. “Through the Fast Track program, we can help Cred access Visa’s experts, technology and resources to scale effectively. ”