Universal Protocol Alliance Member Spotlight: Cred

The Universal Protocol Alliance was founded with the mission of creating the practical use cases necessary to attract the next billion users to crypto and blockchain. Through the UP Alliance platform, digital assets (crypto, fiat, commodities, etc.) can be tokenized and convertible on a single network. With the recent launch of the world’s first mega-utility token, the Universal Protocol Token (UPT), the UP Alliance has introduced a utility token supported by a coalition of leading blockchain companies.

To successfully produce an interoperable protocol for digital assets and foster a new level of transparent reserve management infrastructure, the UP Alliance has leveraged the technology and know-how of Alliance members and partners. Each member of the Alliance has made a significant contribution to the blockchain industry and to the UP Platform. Today, we’ll highlight one of the UP Alliance’s founding members, Cred.

Member Spotlight: Cred

Cred has quickly become one of the most trusted names in crypto. The Bay Area-based company is considered a leading provider of crypto financial services, with customers in 190 countries.

Cred is a global lending and borrowing platform that facilitates open access to credit anywhere and anytime. Founded by former PayPal financial technology veterans, Cred’s mission is to harness the power of blockchain to allow everyone to benefit with superior financial services.

HOW IT WORKS

Customers can provide their digital assets (USD, Euros, Bitcoin, XRP, etc.) to Cred as collateral and receive interest rates as high as 10%, which can be earned in fiat (e.g., USD) or directly in crypto. Customers also receive loans in fiat currencies.

As a licensed California lender, Cred works with some of the leading digital asset custodians and compliance providers to safeguard and provide productive use of digital assets. Cred also works with Lockton, one of the largest independent insurance brokerage firms in the world to provide comprehensive insurance.

Cred’s leadership plays an integral role in attracting the next billion users to blockchain and will continue to provide elite benefits to all UPP holders. As part of its UP Alliance membership, Cred will be integrating the following functionality for UPT.

UPT FUNCTIONALITY WITH CRED

• Earn interest on your UPT. Go to CredEarn on Uphold and sign up to check out the latest rates.
• Collateralize your UPT and Borrow against it at single digit interest rates

To learn more about Cred visit: www.mycred.io

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