Crypto finance firm Swipe launches Visa DeFi lending card
Cointelegraph
Published Sep 30, 2020 08:59AM ET
Updated Sep 30, 2020 12:00PM ET
Swipe, a Binance-owned cryptocurrency debit card provider, is expanding its offering with a new crypto Visa (NYSE:V) card that allows users to borrow funds using blockchain technology.
Dubbed the “LendFi Visa Card,” the new product deploys major decentralized finance protocols to provide “near-instant access to lending balances.” The card is integrated with the LendFi app — a decentralized lending platform that is connected with the borrower through their mobile device. At launch, the platform will support major DeFi protocol Compound, a spokesperson for Swipe said.
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Written By: Cointelegraph
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