Hot Updates

YouHodler Becomes First “Full Cycle” Loan Platform With Credit Card Payout Feature

Published

5 years ago

March 23, 2019

FinTech platform YouHodler just announced via their blog a new feature allowing users to receive a loan (in USD or EUR) instantly to their credit card. With the release of this function, YouHodler claims they are the first “full-cycle” loan platform including integrated crypto, fiat, and USDT wallets along with crypto-to-crypto conversion.

YOUHODLER INTRODUCES INSTANT FIAT LOANS TO PLATFORM

With credit card payouts, users on the YouHodler platform can now receive their fiat loan directly to their credit card of choice (in USD or EUR). Previously, the platform allowed users to pay back their loans with approved credit/debit cards and now, they are adding instant payouts, making them a “full-cycle” loan platform.

In this rapidly changing crypto market, instant payouts with credit card integration allow crypto enthusiasts to act immediately on market movements instead of waiting 3-5 days for bank processing. Hence, it puts the power back in the user’s hands to get their money when they need it most.

Currently, YouHodler states that they will only accept Visa and Mastercard credit/debit. Prepaid cards are not yet supported but may be an addition in the future.

NEW FEATURES CONTINUE TO DIVERSIFY YOUHODLER’S PLATFORM

With the inclusion of credit/debit card payouts, users have yet another method to receive and pay back their loan. For the crypto purists out there, who want to avoid banks altogether, they can do that too on YouHodler. The platform includes an integrated USDT wallet that lets users 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 are still available to users.

On the subject, YouHodler CEO Ilya Volkov states that “with the announcement of our new credit card payout feature, YouHodler becomes the first “full cycle” loan platform that includes full integration with various cryptocurrency, fiat, and USDT wallets along with crypto-to-crypto conversion. We are happy to release this information to our supportive community as we start our transition from a crypto lending platform to globally diverse FinTech platform.”

HOW TO CONNECT YOUR CREDIT CARD TO YOUHODLER

Immediately after taking out a loan, users will see their borrowed finds appear in the “Wallets” table found in the “Borrowed Funds” sections of their personal profile. Once there, users can click the “Withdrawal” button to unveil several features. Clicking the “Credit Card” button will direct the user to a withdrawal from where they can enter a specific amount of their balance they would like to withdraw. From there, the user simply inputs their credit card number and expiration date before clicking the “withdraw” button.

Notes: All users must pass know-your-customer (KYC) verification before taking out a loan or interacting with the platform in any way.

To see a full description of how to add your credit/debit card, along with other informative articles regarding commission and list of approved countries, visit their Help Center.

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About YouHodler:

YouHodler is a Blockchain-based FinTech platform focused on cryptocurrency-backed lending with fiat loans. YouHodler provides USD and/or EUR loans, secured by collateral in BTC, BSV, BCH, ETH, LTC, XLM, XRP, and other popular cryptocurrencies.

Altcoins

Ethereum Price Outlook as the DXY Index Crash Continues

Published

1 year ago

January 26, 2023

Crispus

Cryptocurrency prices remained in an upbeat tone on Thursday as the US dollar index continued its bearish move. Bitcoin, the biggest cryptocurrency in the world, rose to $23,165, the highest level in months. Similarly, Ethereum has risen by more than 4% in the past 24 hours while BNB Coin and XRP surged to $307 and $0.41, respectively.

US dollar index retreats

Cryptocurrencies have an inverse relationship with the US dollar index. For example, the DXY, which looks at the performance of the greenback vs other currencies, soared to a 20-year high of $115 in 2022. As that happened, cryptocurrencies like Bitcoin plunged during the year.

The foundation of this relationship is the Federal Reserve. In most periods, the US dollar index tends to rise when the Fed is extremely hawkish and vice versa. And it was extremely hawkish in 2022 as it hiked interest rates by more than 400 basis points.

Therefore, while the Fed has remained hawkish recently, the US dollar has dropped because of what the data is saying. Data published recently showed that America’s inflation is easing. The closely watched consumer price index dropped to 6.5% in December while core inflation fell to 5.7%.

At the same time, other parts of the economy are showing that the American economy is indeed recoiling. Retail sales dropped sharply in December while many…

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

3 years ago

January 25, 2021

chainwire

Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…

Hot Updates

Campden Wealth Partners with GDA Group to Enter Digital Asset Markets

Published

3 years ago

January 22, 2021

Dan Blockstar

Blockchain conglomerate GDA Group joins as Campden Wealth’s newest Corporate Partner for 2021. Based in Toronto, GDA group provides access to all verticals of the crypto capital markets to institutions and private investors. The two institutions once operated on different verticals, so the partnership indicates a new era of portfolio allocation and asset diversification. Digital assets, including bitcoin, are becoming a vital component of modern investment strategies. GDA Group provides multiple avenues for digital asset exposure, including trading services through their institutional trading desk Secure Digital Markets, including non-recourse lending up to $100M through GDA Lending, and private placements through their capital markets arm GDA Capital.

“Institutions have spent a decade on the sidelines, evaluating the risks of this burgeoning sector. Now, in less than 6 months we have seen billions in institutional and private capital enter the space,” says James Godfrey, FX and International Banking Advisor to GDA Group. “Our relationship with Campden will illustrate the maturation of this industry and where we are headed next. New stakeholders will need experience, resources and insights to navigate this new market and evaluate upcoming opportunities.”

“The Campden Community is constantly balancing the needs of wealth creation for the future, with wealth preservation…