Binance has recently signed an agreement with Cred , a company “crypto lending and borrowing” to “stimulate financial decentralization”. The goal of the partnership is to support the Binance Blockchain by transferring some of the LBA (Cred) tokens into its network.
A new partnership for Cred
Cred, a California-based platform announced its partnership with Binance.
The two companies agreed to transfer some of Cred LBA tokens to the Binance Chain.
Commenting on the deal, Dan Schatt, co-founder of Cred says:
“Binance has been a strong partner and investor since Cred’s inception, and we are excited to support Binance Chain and continue to work with Binance to deliver sustainable finance to all in a sustainable way.”
In addition, Cred has partnered with other crypto-platforms like Tron, Coinbit, TrueUSD, Uphold and Bitcoin.com previously.
The decentralization of finance
Cred is a lending and earning company, which allows users to earn money from cryptocurrencies in a pledge system.
It offers an investment service that promises attractive interest rates.
Currently, Cred seeks to establish new partnerships to develop the decentralization of finance from cryptocurrency, which is why he chose Binance as a new partner.
“[Cred] will become the official loan platform for the DeFi ecosystem. As an investor and partner in Cred, Binance will also look for opportunities to leverage and support the industry-leading Cred services within the Binance ecosystem. “
Thank you @binance and @cz_binance for your support of @ihavecred! We’re happy to be the first crypto lending project on Binance Chain. We look forward to continuing our partnership on many future projects.https://t.co/rVLeIgvXRP pic.twitter.com/b5DP2dBK7b
— Cred (@ihaveCred) May 29, 2019
What do you think of this partnership between Binance and Cred? Comment in the comments section.