Tag: lending
Maple Finance partners with Celsius to launch wETH lending pool
Digital asset lending platform Celsius has become the first pool delegate from the centralized finance market to deploy a crypto-centric lending service on Maple Finance, utilizing the latter’s smart contract and blockchain infrastructure to facilitate a $30 million pool to institutional investors. Celsius succeeds existing pool delegates BlockTower, Orthogonal Trading, Maven 11 and Alameda Research
In Egypt, lending apps boost cash-strapped women business owners
Egypt’s businesswomen face high microlending rates To cope, many turn to online loan circles New apps offer lifeline in pandemic CAIRO, Dec 30 (Thomson Reuters Foundation) – Nagat Mohamed was in dire straits. After sales at her clothes shop in Egypt’s Nile Delta plummeted, she took out a loan from a microfinance company to keep
China keeps benchmark lending rate unchanged
SINGAPORE — Shares in Asia-Pacific were mixed on Wednesday as China kept its benchmark lending rate unchanged. The Hang Seng index in Hong Kong rose 1.35% to close at 26,136.02 leading gains among major markets in the region. Shares of Chinese tech firms listed in the city surged, with Tencent up 2.1% while Alibaba soared
Google Pay enables online loans for small businesses, partners with digital lending app FlexiLoans
© Provided by The Financial Express Google had earlier this year announced that it will invest $15 million to support SMEs in India. Credit and Finance for MSMEs: Google’s payment app for small businesses, others — Google Pay for Business has now enabled small merchants to access credit through its tie-up with the digital
LQD Business Finance Launches Development of Bitcoin Business Lending Platform
CHICAGO, Feb. 19, 2021 /PRNewswire/ — LQD Business Finance, a leading tech-enabled alternative lender, launches the development of the world’s first Bitcoin business lending platform. This cutting-edge platform will make LQD Business Finance the first company to use Bitcoin as currency for commercial loans. Chicago-based commercial lender launches the development of first-ever loan service with Bitcoin as currency While Bitcoin can be used as collateral to obtain
China calls on banks to give up US$212 billion in profits to finance cheap business lending
China’s government is reaching beyond its monetary policy tool box to free up capital and direct funds towards the nation’s cash-starved businesses to help the economy claw its way out of its worst slump in four decades. The government has called on banks to sacrifice as much as 1.5 trillion yuan (US$212 billion) in profits