Introducing Dai stablecoin disbursements for Bitcoin-backed loans — and a 2% Dai incentive!
Bitcoin has different meanings around the world — it has different use-cases and solves a wide range of problems depending on your situation and alternatives. To many people around the world, their bitcoin is their most valuable asset and one of the only available assets that has the potential to appreciate in dollar terms, especially for those that don’t have access to stable real estate or capital markets.
With that in mind, our goal at Ledn is to offer services that make it easier for people to save in bitcoin. Our bitcoin-backed dollar loans have benefited a large number of people in the countries that we operate in. Through that process it has become clear that:
- Not all of our users that would like to use our service have access to bank accounts that can receive U.S. dollars.
- Digital banking offerings in emerging markets vary widely and tend to be lacking.
- Bank delays can cause wire transfers to take more than 48 hours.
- International wire transfers charge very high fees to both the sender and the recipient — which places unfair friction on small international transactions.
Our mission is to build tools that make it easier for people to save in and accumulate more bitcoin — and when our clients ask, we deliver. Today we are proud to introduce DAI disbursements for our bitcoin-backed loans.
WHY DAI?
Latin America is a market that many in the crypto space want to participate in to help bring better financial services, but not many understand how to connect with people in this key market. When evaluating stablecoin partners we wanted to work with a group that knows and cares about the challenges facing the region as much as we do. MakerDAO is unique in that it has a strong, full-time, physical presence in the region — this helps them gain real-time insights as developments occur. From our experience in the region, we know being there is key in these fast-moving markets.
Their team shares our excitement about improving rates and options for financial services in the region, and were incredibly supportive of our initiative — so much so that together we are providing an incentive for the first users that try DAI disbursements on our platform.
PROMOTIONAL OFFER
Starting today and for a limited time, we are offering a 2% bonus (calculated on the borrowed DAI) to our users who select DAI as their loan disbursement options. Certain restrictions apply, please check ledn.io for details.
