The Future of Crypto Lending
Prelude
- Passive ownership has traditionally been a hallmark of long term Bitcoin holders.
- During Bitcoin’s 2018 bear market that saw a sharp decline in prices, crypto lending platforms started appearing to serve Bitcoin owners who require liquidity without selling
- Multiplier enters the crypto lending market at a critical juncture where adoption of cryptocurrency by individuals and institutions alike is gaining momentum.
- By capitalizing on this growth, Multiplier aims to create a vibrant financial ecosystem with a wide spectrum of new lending products and services, leading the industry and broaden access for the benefit of our members.
The Rise of Crypto Lending
The definition of a latent potential or power can be generically described as “a quality or state existing but not yet developed or manifest; hidden or concealed.” With this notion in mind, Multiplier serves as the ‘enabler’ for cryptocurrency investors to unleash the latent potential of their passive investment.
Our analysis of the current crypto lending market offers a glimpse of what the future holds for stakeholders in the industry and long term holders of cryptocurrency. To first answer this question, Multiplier paid close attention to various sources of feedback from various stakeholders.
This includes an article of a recent survey carried out by major consulting firm Deloitte, highlighting the overall positive market sentiment towards blockchain. It further points to the important factor of adoption from its current “raw” form of technology, into a more scalable technological solution ready for implementation.
Bitcoin’s bear market of 2018 is a further significant factor which gave rise to a substantial demand for long term Bitcoin holders seeking liquidity. As a result, crypto lending platforms started appearing to serve this growing demand. Looking back, the crypto lending market has come a long way while constantly evolving to better serve long term holders seeking liquidity.
Crypto Lending Market in 2020
entry into the crypto lending market is marked by what we saw as untapped opportunities to serve cryptocurrency holders. Specifically, Multiplier identified 3 core areas where we felt that we can do better than most currently in the market, which are:
1. Lower interest rates on loans and higher interest rates for savings;
2. The speed in which loans are approved and funds are received; and
3. A user-friendly platform for customer, including a streamlined start to finish cycle
How can we achieve this? Whilst many other existing crypto lenders on the market claim to be the “new bank” or that the existing financial institutions will become replaced and obsolete, in contrast, Multiplier adopted a client centric approach that our clients can benefit from partnerships at various levels with them, despite the inherent challenges of a stigmatized perspective towards cryptocurrency in general.
Nevertheless, Multiplier aims to establish itself as the crucial link between our clients and established financial institutions. The late Kobe Bryant once said, “great things come from hard work and perseverance.” This philosophy is what sets Multiplier apart and serves as our fundamental inspiration to continually strive for better offerings to benefit of our clients.
What is on the Horizon in Crypto Lending
Despite the various business challenges and obstacles faced by cryptocurrency’s wider adoption in general, Multiplier remains optimistic towards the outlook of crypto lending in positively shaking up the traditional lending industry. After all, cryptocurrency has come a long way to where we are today since Satoshi Nakamoto mined the genesis block in 2009.
Multiplier is constantly striving to be a better ‘enabler’ in strategically maximizing your dormant cryptocurrency. For us, this means addressing gaps in regulation, breeding a better ecosystem for wider acceptance in the financial industry and seeking rewarding partnerships with established financial institutions.
In the years to come, Multiplier hopes that our relentless efforts in enhancing the crypto lending market will lead to the end of cryptocurrency sitting idly in cold wallets and collecting dust in the years to come.
Our Advantages
Our business model is simple, yet it delivers multiple advantages to borrowers. All our loan transactions are made with blockchain-based smart contracts, offering maximum transparency. We ensure that any hassle in maximizing your cryptocurrency is eliminated. There will be no paper work is involved, no need for bank accounts (unless you opt for crypto to fiat loans) and no boundaries.
In addition, our structure, transaction fees and interest rates are simple to understand, we do not require credit scores and we offer near instant loan approvals — all done on our safe and secure platform. Our account registration and opening procedures are streamlined, where you can take advantage of all our user-friendly services from the comfort of your home.
Website: https://multiplier.finance
Telegram: https://t.me/themultiplierio
Twitter: https://twitter.com/MultiplierMXX
Discord: https://discord.gg/cA3bsPX
