We are thrilled to announce that starting today Uphold is the first platform to support Cred’s LBA (Loan – Borrow – Asset) in the United States*. This follows the September launch of LBA outside of the U.S. Now Uphold members worldwide can** buy and sell LBA right from their Uphold wallet.
In celebration of this launch, Uphold is offering ZERO Fees to buy LBA through November 7, 2018.
LBA is designed to empower individuals and companies to take control of their financial services, lowering interest rates on loans and increasing returns on digital assets, said Dan Schatt, Co-founder and President of Cred. It will also become a powerful governance utility, allowing LBA customers to vote on product enhancements that are meaningful to the LBA community. We’re thrilled that Uphold is the first to make LBA available in the United States, and share their commitment to providing more inclusive, transparent and equitable financial products.
The launch of LBA comes just two days after we announced Uphold Earn and Uphold Borrow at Money 20/20. Uphold Earn and Uphold Borrow are two revolutionary offerings designed with our members in mind. Uphold Earn, which functions much like a traditional banking product, and can receive attractive and competitive rates, currently as high as five percent.
- Uphold members can now buy LBA with ZERO Fees* (Standard fees apply when selling or exchanging LBA)
- Convert LBA from any other supported currency within their Uphold wallet
- Hold LBA within their Uphold wallet
- Zero fee offer is for the purchase of LBA through November 7, 2018.