Image Credit: YouHodler
Fintech platform YouHodler recently announced that users can now instantly receive a loan instantly to their credit card. The news came through leading news portal Ethereum World News. Per the platform’s claims, they are the first “full-cycle” loan platform including integrated crypto, fiat, and USDT wallets along with crypto-to-crypto conversion.
Previously, the users could pay back their loans with credit/debit cards. Also, with instant payouts with credit card integration helps crypto enthusiasts to act immediately on market movements.
At present, YouHodler will only accept Visa and Mastercard. In the future, it might support prepaid cards as well.
YouHodler CEO Ilya Volkov states that,
After taking out a loan, users will see that their borrowed finds appear in the “Wallets” table found in the “Borrowed Funds” sections of their personal profile. Secondly, they need to click the “Withdrawal” button. This will open more features. Lastly, clicking the “Credit Card” button will then direct the user to a withdrawal. Here as the user can enter a specific amount of their balance they would like to withdraw. In a final step, the user just needs to put their credit card number and expiration date before clicking the “withdraw” button.
With the inclusion of credit/debit card payouts, users now have another method to receive and pay back their loan. Additionally, the platform includes an integrated USDT wallet. The wallet allows users to withdraw their loan in USDT or leave it in the wallet as a way to hedge their assets using stablecoins. Furthermore, USD and EUR bank wires will still be available to users.
YouHodler is a blockchain-based FinTech platform. It provides cryptocurrency-backed lending with fiat loans. Also, it helps user secure USD and/or EUR loans, secured by collateral in BTC, BSV, BCH, ETH, LTC, XLM, XRP, and other popular cryptocurrencies.
Recently, YouHodler announced its decision to include Stellar (XLM) as a collateral option. The decision has allowed users the convenience of accessing loans in USD, USDT, and EUR format.