Klever and Cred Announce Partnership to Allow Crypto Interest Earning in Klever App
SAN FRANCISCO, August 31, 2020 – Klever, the newly launched 4th generation crypto wallet ecosystem with over 250,000 daily active users, has officially partnered with Cred, the industry-leading crypto-backed lending and borrowing platform with customers in over 190 countries. Klever and Cred will jointly offer seamless in-app staking and interest to Klever’s global user base.
The partnership allows Klever App wallet users to lend their Bitcoin (BTC), TRON (TRX), Ethereum (ETH) and other top cryptocurrencies directly inside the Klever App, in return for interest payments on their coins.
The developer teams of both Klever and Cred have worked closely together over recent months to enable a seamless user experience. This goal has been achieved, as Klever users will soon be able to easily and quickly earn interest with Cred by sending funds directly from their Klever wallet to Cred’s staking program of their choice, all done inside Klever’s built-in browser.
The partnership enables Cred’s platform services to be fully integrated into the Klever App, offering Klever users the ability to receive monthly interest payments, with the option to roll over pledged assets for additional periods. No minimum amount of funds of BTC, TRX or ETH are required and the interest can be paid in both stablecoin and cryptocurrencies of the user’s choice.
“Klever was made to enhance the financial freedom of our more than 800k users globally by putting the keys to their funds in their hands and empowering them to become smarter investors. Our partnership with such a well-established and reputable fintech firm like Cred further advances these goals,” stated Dio Iankiara, CEO and Co-Founder of Klever.io.
“We are proud to have worked closely with the Cred team to develop a joint product in which our users can feel safe to put their crypto and earn high interest without ever leaving the Klever App, while being in full compliance with both US and other domestic regulation.”
The Klever ecosystem has over 250k daily active users (DAU), 580k monthly active users (MAU), and more than 800k total users and downloads worldwide. The Klever wallet has been developed and optimized over the course of 3 years, and runs on top of its own Klever OS, an underlying technology that ensures unmatched security through military-grade encryption, the simplest of user experience and an ability for any developer to plug-in a whitelabeled Klever wallet into their application through an SDK.
The partnership between Klever and Cred will also enable Klever users to soon be able to Swap Cred’s LBA utility token inside the Klever App, as LBA will be added to the Klever Swap tool with 5 direct trading pairs in BTC, KLV, TRX, ETH and USDT. Users can reduce the Swap fees by using or holding KLV in their wallet, while the benefit of holding LBA is that the user will enjoy premium interest rates when joining and signing up for Cred’s programs for lending.
Klever currently supports the three most active blockchains in the world, namely Bitcoin, Ethereum and TRON blockchains, including all the thousands of ERC20, TRC10 and TRC20 tokens running on top of those chains. Klever will be adding the world’s top blockchains consecutively directly after launch, with emphasis on educating Klever users on the properties, benefits and staking opportunities of those blockchains. Many of the cryptocurrencies supporting these public chains will be available for lending and staking with Cred.
“Cred is fortunate to work with highly popular wallets like Klever, a valuable member of the blockchain community,” said Dan Schatt, CEO and Co-Founder of Cred. “Our mission is to provide fair, inclusive and equitable financial services and we look forward to continuing our strong collaboration with the Klever team.” – Dan Schatt, CEO of Cred.
Klever App is a simple, secure & decentralized p2p crypto wallet for Bitcoin (BTC), TRON (TRX), Ethereum (ETH) and other top coins, tokens and cryptocurrency assets. With over 800k downloads from 193 countries worldwide, the Klever ecosystem caters to a global audience of blockchain enthusiasts and cryptocurrency holders. The wallet is available in 30 different languages. Klever App is built on top of Klever OS, which uses advanced security mechanisms that completely protects the user’s private keys, and makes private keys and sensitive data available only on the user’s specific device, utilizing the latest military-grade technology for encryption. For more information and to download the Klever App for iOS or Android, visit www.klever.io.
Cred is a global lending and borrowing platform serving customers in 190 countries. Founded on the belief of fairness, Cred’s mission is to harness the power of blockchain to allow everyone to benefit from superior financial services. The San Francisco-based company brings together a diverse team of financial technology veterans, entrepreneurial leaders, machine learning, and the power of blockchain technology. For more information, visit www.mycred.io.