Join Our Mailing List
Friday February 03, 2023
Bitcoin (BTC) $23,439.28   Ethereum (ETH) $1,656.40
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Blockchain Technology

MicroMoney partners with Celsius to issue expanded credit to its 100,000 customers

Published by CryptoNinjas.net
10/30/2017
MicroMoney partners with Celsius to issue expanded credit to its 100,000 customers

Celsius Network, a decentralized credit lending platform, is partnering with MicroMoney.io, a mobile app with a similar business model. The partnership will hope to expand the reach of cryptocurrency backed loans to customers worldwide. Since both firms’ platforms use the global Ethereum blockchain technology, the partnership will also endeavor to jointly develop and standardize the protocols and user interface on top of which these monetary transactions are processed on the blockchain open-ledger system.

The MicroMoney.io app currently extends credit to over 100,000 people in five Asian countries: Cambodia, Myanmar, Indonesia, Sri Lanka and Thailand. The firm seeks to use Celsius to extend higher limits to its best customers and better serve those who are underserved by the banking industry in the developing world and hopes to expand globally. MicroMoney.io is in the midst of distributing its tokens, looking to raise between $15-$30 million and add 25 million customers to its user base.

The NYC-based, Celsius Network similarly plans to manage and extend consumer loans through a peer-to-peer network. Like MicroMoney, Celsius hopes to serve the underbanked population with a focus on young adults who have limited or no credit histories. The product is slated to launch next year after token distribution. Celsius recently published its open-lending and credit protocols which are now available for adoption by all other lending organizations. Celsius just launched its pre-sale and plans a token generation event in January.

Describing peer-to-peer loans and the innovation in the consumer credit space, Celsius Network CEO, Alex Mashinsky, has been quoted as saying:

“No one has done this before on the blockchain. We completely reinvent how you apply for a credit limit, get issued a credit score and get access to a credit line or a credit card., We created a membership organization which changes how you do things and who benefits.”

The MicroMoney executive team is led by Anton Dzyatkovskiy and consists of a diverse team of individuals spanning the globe. Celsius Network is helmed by serial entrepreneur, Alex Mashinsky founder of Transit Wireless and Arbinet – two of New York’s top startups in the past two decades.

75
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Celsius Network partners with Staked to offer crypto yield starting with DASH

04/11/2019
Celsius Network partners with Staked to offer crypto yield starting with DASH

Celsius Network, the cryptocurrency lending, and borrowing platform, today announced its partnership with Staked, which helps investors increase their crypto returns via staking and lending. Celsius will use Staked to offer its community the...

Read more

Celsius Network and Battlestar Capital launch new crypto staking service

03/26/2019
Celsius Network and Battlestar Capital launch new crypto staking service

Battlestar Capital, a financial services company specializing in staking, security and strategy and Celsius Network one of the largest crypto lending platforms in the market, today have launched a new crypto staking service with...

Read more

Etherisc launches consortium to bring increased protection to crypto lending market

07/10/2018
Etherisc launches consortium to bring increased protection to crypto lending market

Etherisc, a global, decentralized insurance platform for collectively building insurance products today has announced the launch of a blockchain consortium to create Collateral Protection Insurance (CPI) for the crypto lending market. In the event...

Read more

MicroMoney becomes a part of the ‘Sustainable Development Goals’ global program

10/18/2017
MicroMoney’s token sale campaign nets $1 million in 12 hours

Our company, MicroMoney, a global fintech blockchain company and lending services provider, supports the principles of the United Nations Sustainable Development Goals (SDGs) global program, set up in 2015 by 193 world nations. It’s...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy