Latin america is a debate in economic problems. In the last few months not one week has gone by without the occurrence of a new fire politically in the region. The economy of the population, industry and commerce come into a tailspin. Have a plan B that offers financial stability, it is comparable to have on hand a lifeboat in full shipwreck. That is precisely the plan that BlockFi, a startup loan in cryptocurrencies, has in mind for Latin america: formulas effective for escape of the inflation and of the devaluation of the currencies fiduciary.The strategies are consistently profitable can be difficult to find, but BlockFi, it will soon become the only platform of criptoactivos that allows Latin America customers to exchange cryptocurrencies, earn interest and borrow at low interest cost using the stablecoin Gemini Dollar (GUSD).Gemini is the custodian of the house of the change of cryptocurrencies directed by the twins Winklevoss, which is regulated by the Department of Financial Services of the State of New York.What is certain is that BlockFi comes to Latin america with an offering second to none, as is paying interest rates on deposits in cryptocurrencies. In addition, it presents the opportunity for non-residents of the usa. UU. be able to access the debt markets in dollars, which are traditionally restricted to them.One of the financial products of the company is its savings account (BIA), which has been revolutionizing the model of savings accounts traditional. Pays up to a 8.6% interest per year to the customers who store cryptocurrencies through BlockFi. The account has the particularity to enable their users to the withdrawal of the funds when they so desire. The platform allows to generate interest of 6.2% for deposits in Bitcoin and 4.1% for deposits in Ether. Due to its characteristics, this product financial stands out for offering the highest performance in the finances in the world today.In addition, their loans in dollars to charge an interest rate that varies between 4.5% and 11.25%, a rate that is below the average loan in dollars granted by other companies in Latin America.
Just sent some #BTC over to @TheRealBlockFi. Time to let some of my #Bitcoin start passively #stackingsats for me! pic.twitter.com/1UCfYur6cK— Rekt ₿. Moranis (@RektMoranis) September 18, 2019
Flori Marquez, co-founder and vice president of BlockFi spoke with Breaking News on the launch of a new product that will offer new opportunities to investors-latinos. He also commented about the expansion plans that the company has in this part of the world.
“Our goal is to launch before the end of November, in beta version, a product that provides the ability to exchange crypto to crypto. This will allow customers in Latin America to place Bitcoin and Ether on the platform of BlockFi and turn it into stablecoin linked to the u.s. dollar, such as GUSD. GUSD is the USD backed by Gemini, one of the exchanges more insurance in the usa. UU“.Flori Marquez, vice president of operations BlockFi.
Contents
A great offer for Latin america
In addition to its star product, as is his Interest Account (BIA), with BlockFi a client can also apply for loans in u.s. dollars secured by Bitcoin, Ether and Litecoin. These loans are can apply for up to 50% of the value of the cryptocurrencies deposited on the platform and provided with direct shipments to the beneficiary’s bank account or funded in GUSD, PAX or USDC.The platform also provides traders with the possibility of negotiating with cryptocurrencies compatible with BlockFi.
Steps to apply for a loan in BlockFi
BlockFi do not request the credit history of its customers. Just need to verify your identity and receive your deposit back in cryptocurrencies to fund a loan in dollars deposited into your bank account.
?We’ve improved our loan application process. It takes just seconds to apply and get approved. Check it out here. Video sped up for your viewing pleasure ⬇️https://t.co/BAgxroOmFo pic.twitter.com/YUEkTVW7yP— BlockFi (@TheRealBlockFi) October 21, 2019
The user must create a profile on the platform and complete an application. You must then upload a photo of your driver’s license or passport. Subsequently you are asked for a signature on the contract. You must make a deposit with the u.s. dollar equivalent, at least twice the amount of cryptocurrencies that you want to borrow. For example, a loan for $ 5,000, a deposit in BlockFi of USD 10,000 in bitcoins or ethers. Disclaimer: The contents and the links provided in this article only meet for informational purposes. Breaking News does not provide recommendations or advice on legal, financial, or investment, or replace the due diligence of each interested party. Breaking News does not endorse any Initial Offer of Currency (ICO), investment offer or similar here promoted. For more information click here.