A partnership bitcoin-exchange Binance with a decentralized platform for financial services in the field of digital assets Libra Credit will offer users loans in fiat and cryptocurrencies. The loans will be secured in the BNB tokens.
The new offer was the result of an investment agreement signed between Libra Credit and Binance Labs. Libra Credit also plans to launch desktop and mobile applications that provide quick access to credit services for users. In May, the project was completed by the ICO, following which it attracted $26 million.
Earlier, Binance Labs announced plans to launch a fund to support companies operating in the blockchain industry and digital currencies. It is assumed that its size will be $1 billion.