September 28, 2018

Using cryptocurrency for fiat lending

Debitum Network has had a goal to be a fiat/crypto alternative lending platform since its’ inception. We want to welcome both fiat investors and crypto community on our platform and provide the possibility for everyone to participate in the process of providing funds for small businesses around the world by financing short term loans on our global platform. The first version of platform Debitum Network 1.0 Abra went live on the 3rd of September and fiat investors have been able to finance short term loans and earn interest on them right away.

Register and start making interest on short term loans for businesses

We want to give the same opportunity for cryptocurrency hodlers too. You can register and deposit DEB tokens or Ethereum on our platform. It will be used as a collateral to get Euros on your account and give you a possibility to invest with your fiat balance in short term loans.

How does the process work?

  • You register on our platform and deposit DEB tokens or Ethereum.
  • Your crypto is taken as collateral and frozen to get Euros to your balance.
  • Your balance is updated in Euros.
  • You invest in short term loans of your choice and your balance amount is sent to small businesses.
  • When the loans mature businesses return full amount + interest via Debitum Network ecosystem.
  • You continue investing. Rinse and repeat.
  • You decide to withdraw. Interest is transferred to your balance in fiat.
  • Your crypto collateral is unfrozen and sent back to your wallet.

Crypto investors will be able to enjoy the following benefits:

  • Use crypto to invest in SME loans and support businesses.
  • Benefit from increased crypto price during the loan period when your crypto is frozen.
  • Earn interest in fiat on crypto assets.
  • Always have an extra edge over crypto asset by making regular 10-15% on short term loans.
  • Hold crypto assets and earn EUR as interest, which you can withdraw and spend whichever way you like.

What unique business opportunities does that create?

  • We allow crypto investors (especially crypto holders) to invest and help local fiat-based SMEs today.
  • We open a new investor market for local SME – crypto individuals who would otherwise, not invest in fiat into their businesses.

Register and start making interest:

Disclaimer: It is important to point out that the approach presented here is not necessarily suitable for everyone and is presented for information purposes only. It is not intended to be investment advice. You should seek a duly licensed professional for investment advice matching your specific situation.

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