According to a source from BusinessWire, Bitbuy and Cred partnered together in order to enhance the cryptocurrency economy. Bitbuy is a crypto trading platform and Cred is a crypto lending and borrowing platform.
Bitbuy will allow users to earn interest on their Bitcoin, Ethereum, Bitcoin Cash and more of up to 10%. “Enabling Canadians to earn from cryptocurrency is a natural step for Bitbuy. Identifying an experienced partner with an existing protocol in Cred allows us to expedite this process. We’re excited to instantly provide Canadians with this service offering,” said Adam Goldman, Bitbuy president, and founder.
Offerings will be made via microsite. “It’s great to add Canada to the 179 countries we serve, and we’re excited that we found the right partner in Bitbuy to help Canadians earn money on their cryptocurrency simply by loaning it out,” said Dan Schatt, co-founder, and president of Cred. Goldman added “there is an increasing number of Canadians who own cryptocurrencies and plan to hold these assets for the long-term. Lending will allow them to keep their assets safe while earning interest. Why not earn money while you HODL?”
Cred was founded by executives from Paypal and Goldman Sachs. “At the end of the day, people should trust what happens in the world of cryptocurrency as much, if not more, as they do in the world of fiat,” Schatt said. “That’s why we’ve spent a lot of time and effort making sure your investments are safe with us.”