With the rise of cryptocurrency, many people have staked out their position to belonging to one of two camps: virtual currencies or fiat. However, a bridge between these camps is emerging as ETHLend is adding crypto-to-fiat to their loan options.
On Friday, popular cryptocurrency lending platform, ETHLend, announced plans to introduce fiat financing to their lending system. This announcement came after copious amounts of requests from the ETHLend community for the addition of this branch of financing on the platform.
BREAKING NEWS: ETHLend Expands to FIAT Lending: Licensing Process Has InitiatedDetails about how ETHLend will provide additional compliance to cryptolending market and broadening our lending operations to FIAT lending in the link: https://t.co/k0HzscrzVk pic.twitter.com/Miq2x8ou1k
— ETHLend (@ethlend1) April 13, 2018
However, before this happens, ETHLend will have to obtain the required licenses and support from worldwide governments. The team at ETHLend has begun the process to obtain licenses from most countries in the European Economic Area (EEA). The list is pretty extensive as the platform lender states:
ETHLend starts the licensing process to be able to provide services (crypto-to-crypto and FIAT-to-crypto) in the following European Economic Area (EEA) countries: Austria, Belgium, Bulgaria, …
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