Jarvis and Celsius Network team up to bring P2P lending and borrowing of digital assets to thousands of CFDs, Forex and crypto traders
Sofia, Bulgaria — February, 5th 2019. Jarvis and Celsius Network are forming a new partnership to remunerate the deposits of thousands of Forex traders, CFDs, and crypto, and allow them to borrow money instantly and without a record using their assets as collateral.
HODLing with benefits
Celsius gives crypto holders the opportunity to deposit different digital assets on their network, and earn interest on them every Monday, or use them as collateral to borrow money. Until today, the network supported BTC, ETH, BCH, LTC, ZEC, BTG, XRP, XLM, OMG, ZRX, but the company has announced an upcoming update to support many stable coin; holders will also have the chance to deposit their Trueusd (TUSD), Gemini dollar (GUSD), Paxos standard (PAX), Circle’s usd coin (USDC) and Maker’s dai (DAI). The assets are held in BitGo, the leading custody solution for digital assets.
The competitive edge of Celsius is that holders do not have to lock their assets to earn interest; they could be withdrawn by the user at any moment.
Jarvis gives the possibility to its users to access multiple financial markets, products and services through a single wallet, leveraging from inhouse and third parties solutions. As the company is focused on the trading aspect, it has a growing community of forex and crypto traders, and many of them are also long term holders. Here comes the synergy between the two companies– the users can make profit just by depositing their crypto funds on Celsius Network, integrated in Jarvis App, and earn an interest every week and if needed, they can withdraw instantly some of their assets and trade Forex, CFDs and crypto. This unprecedent value proposition, where users can earn money with their sleeping funds while they are not used in active trading will without doubt bring more users to Jarvis.
For Celsius, joining Jarvis will allow their users to improve their course in the world of crypto: Jarvis integrating a payment gateway and the ability to deposit and withdraw in local currency, a Celsius user could make a loan and immediately after spend it in his favorite restaurant.
The good news for Jarvis Reward Token (JRT) holders is that this highly strategic partnership will provide Jarvis with an additional source of revenue, as it includes a revenue sharing agreement… One hundred thousand Jarvis users could generate more than one million euro in revenue per year.
Alex Mashinsky, CEO of Celsius said:
“In today’s crypto market, many exchanges lend out their clients’ funds without giving proper notification and distribute significantly lower returns on those funds. This sounds much more like a page out of Wall Street’s playbook than that of a financial system founded on the interest of the people, as the crypto community claims to be. Luckily there are good actors like Jarvis that are looking to work in the best interest of their community. Our hope at Celsius is that partnerships like these set a new industry precedent in digital finance. High yield interest-bearing accounts should be the expectation; not the exception.”
Special bounty campaign
To celebrate the beginning of this exciting partnership, Jarvis is launching a special bounty campaign, giving away a reward of 100 JRT to everyone, who opens an account in Celsius using Jarvis referral link (https://celsiusnetwork.app.link/jarvis ) and making their first deposit of BTC, ETH, XRP, XLM, ZRX, CEL or LTC.
“In the near future we are planning full integration of Celsius Network within the Jarvis app to provide smooth and seamless UX. We believe this partnership brings a lot of value to our community and gives the opportunity of making profit just by holding crypto assets. I am personally a big fan of Celsius app and started using it before our partnership, so I am really excited about the future synergies with Celsius!”
said Pascal Tallarida, CEO of Jarvis.
Jarvis (https://www.jarvis.exchange/) delivers an interoperable and user-centric finance. Users can build a customized hub to manage their finances. Leveraging from open APIs and DLT, Jarvis technology transforms financial markets, services and products in plug-n-play extensions of users wallet. From their wallet, users manage fiat and digital assets, trade on a wide array of financial markets and products, and access thousands of partners Apps and DApps that greatly enhance Jarvis offering. The Jarvis Technology Framework includes a multi-currency Web3 wallet and a multi-assets hybrid decentralized exchange with a brokerage license. The framework connects to a network of centralized and decentralized liquidity pools and protocols that enable instant cross-chain and cross-asset class exchanges.
Website : https://www.jarvis.exchange/
Telegram : https://t.me/jarvisexchange
Contact : firstname.lastname@example.org
Celsius Network is a blockchain-based Fintech startup which provides members access to borrowing dollars using their cryptocurrency as collateral. Members of the Celsius Network can also earn interest on their digital currency deposited with Celsius. We’re developing a new wave of financial products to the digital currency market in order to bring the next 100 million people into blockchain. Our focus is always on our members. Celsius borrowing and lending products are designed to work in the best interest of its members instead of trying to make as much profit as possible.