BlockFi, the leading crypto-to-USD lender, is now supporting Litecoin (LTC)and Gemini’s GUSD
“We’re excited to add support for GUSD and LTC and to welcome the Litecoin community to our platform,” said Zac Prince, CEO and co-founder of
Supporting GUSD as a loan funding option enables
BlockFi plans to continue the expansion of their lending products by supporting a number of other major cryptocurrencies. The company considers this another major step toward providing reliable and timely liquidity in global markets.
“This announcement is a big step towards BlockFi’s global expansion, which has been a part of our vision since the company’s founding,” said Flori Marquez, BlockFi co-founder and VP of operations. “It’s easy to forget that people in many parts of the world do not have access to low-cost credit. We look forward to providing that stability to residents of countries with less-stable currencies.”
In July 2018, BlockFi raised $52.5 million from Galaxy Digital Ventures LLC, a digital currency and blockchain technology investment firm founded by Mike Novogratz. This marked the industry’s first institutional investment in
BlockFi offers the ability to leverage crypto assets to obtain USD loans. BlockFi operates in over 45 U.S. states and is backed by leading investors including Galaxy Digital Ventures LLC, ConsenSys Ventures, PJC and SoFi. The company was founded by Zac Prince and Flori Marquez in 2017. Learn more about BlockFi’s products, company and team at BlockFi.com.