Constant, a peer-to-peer lending platform for cryptocurrency, and popular Ethereum wallet HB wallet, have announced a new strategic partnership integrating Constant’s services into HB Wallet.
The new partnership will allow HB Wallet users to lend and borrow on Constant’s secure and speedy P2P lending platform completely within the HB Wallet interface.
HB Wallet is one of the most popular Ethereum Wallets in Japan. On the platform, users can purchase cryptocurrency with credit cards, swap ETH or tokens for stablecoins, trade HB DEX for ERC-20 tokens or ERC-721 tokens on the NFT market, receive free airdrops, chat with other users, and much more.
“We’re looking forward to introducing Constant’s platform to HB’s forward-thinking community. Constant users normally earn a generous 10% APR on every investment they make and we’re delighted to have the opportunity to offer that for HB users too.”
– Zon Chu, Constant CEO
Constant was designed to increase the security of online peer-to-peer lending. On the platform, borrowers must put up cryptocurrency as collateral to secure their loans. If a borrower defaults, their digital collateral can be quickly sold to cover the debt.
Since Constant’s launch earlier this year, it has quickly become one of the most popular lending platforms in Southeast Asia. On the platform, lenders and borrowers select their desired interest rates and payment schedules and are matched to each other via an algorithm.
“We appreciate the work and speedy execution by the Constant team to set up the integration with HB wallet. We look forward to further collaboration with their stellar team of engineers and scientists to develop more financial products on HB Wallet.”
-Mr. Haruna Yukio, HB Wallet CEO