Altcoin News

Dash is now available as loan collateral on YouHodler

Dash on YouHodler

In a report coming from the dash community, there has been a lot of demand for the dash in recent times which has led to further developments of the network. Users of Dash will now be able to receive instantaneous loans in USD, EUR and Stablecoin on YouHolder with Dash as collateral.

YouHodler is a platform where cryptocurrency investors, traders and miners can receive loan in fiat while leaving cryptocurrencies as collateral with the platform.

YouHodler platform currently supports cryptocurrencies like BTC, BCH, BSV, ETH, LTC, XRP and XLM.

To be able to use this platform, a credit/debit card , verified bank account or stablecoin wallet is required. This allows for smooth withdrawals of funds from the platform.

Loaning fiat with Dash on YouHodler

Creating an all-in-one Crypto to fiat banking solution is not always the best as the crypto and blockchain industry urges individuals to take control of their own crypto assets.

Users of the platform will have to deposit Dash to YouHodler and convert this back into any other crypto options, fiat options or stable coins.

With the use of credit and debit cards, Dash users can easily convert their Dash into fiat and withdraw any amount into their personal cards.

This will add a unique real-world money flow utility to cryptocurrency daily usage.

The YouHodler team has also welcomed new members to the community with a special promotion for a limited amount of time. With a new promotional campaign, users will be receiving a 90% LTV on their loans through the special “Crypto Spring” tariff option.

Prospects can feel free to take advantage of these services by signing up on the YouHodler platform and clicking the get a Loan option on their personal profiles.

Though this may be a good way to secure your Dash while obtaining loans, beware of the fact that you will have to pay back interests.

coinmag

My occupation is the Research of blockchains and their practical applications in the economy. I have graduated through various levels of education, including electrical technique, Business, Psychology, and innovative technologies.