Anchor USD team has announced that now anyone will be able to borrow dollars against Bitcoin, Stellar Lumens, Ripple and Ethereum. Interest rates are as low as one percent.
This is an excellent news as this will allow you to borrow without selling your cryptocurrencies. You pay the loan back and you get your crypto back.
Due to high demand, you must join the waitlist. Alternatively, you can share your waitlist referral link and bump your space in line.
🌊 Happy Friday! We’ve been hard at work on something very special, and we’re almost ready to share it with the world. Add your name now to secure a spot in our beta.https://t.co/gT6BSarqdn
— AnchorUSD (@AnchorUSD) July 11, 2020
Folks at Anchor USD had hinted earlier about this. Couple of weeks back, they said they had been hard at work on something very special. Borrowing cash against cryptocurrencies is a huge news from Anchor USD.
In other news, Anchor USD also added support for credit and debit cards, which makes buying cryptocurrencies easier than ever. To buy Bitcoin, Stellar Lumens and so on, you must complete level 2 KYC.
The number of users at Anchor USD are increasing at a rapid rate. And now, you can start earning interest and borrow cash with just couple clicks.
Make sure you have updated the app from App Store to enable new functionalities. They have rolled out many updates to their app that have added new functionalities.