Bankera Launches a Global Crypto-Backed Lending Solution

September 18, 2019

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 Karalevi?ius 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.

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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