Lendindex to Add USD-backed Digital Assets To Platform
Lendindex to Add Centre’s USDC Digital Currency to its Lending Platform
Open-web, small business scoring and blockchain powered loan marketplace looks to add currency-backed digital assets to its platform
New York, NY (PRWEB) November 08, 2018
Lendindex, the world’s first open-web business scoring and blockchain-powered digital lending solution, announced today that it has added Centre’s USDC digital currency to the Lendindex SME loan portfolio.
USDC, a U.S. dollar-backed, ERC-20 compliant digital asset, will be available for lending on the Lendindex blockchain marketplace on anticipated launch date of January 30, 2019.
“We are excited to announce a collaboration with Centre to ultimately enable the Lendindex small business client network access to USDC for their digital lending needs. With over 120 million businesses scored and access to smart-contract wallets for SMEs around the world, Lendindex is anticipating very strong demand for digital asset lending on its platform, particularly for U.S. dollar-backed tokenized fiat.” -says Boris Goldstein, CEO of Lendindex.
According to the IFC, the credit gap for micro, small and medium enterprises (MSMEs) in OECD countries is estimated at about $3.2-$3.9 trillion. Lendindex recently revealed at Finovate the development of its blockchain-based digital asset loan solution. The new platform is designed to complement its successful AI-powered, open-web SME business scoring and fiat (traditional currency) loan platform. Both loan products are designed to help further reduce credit friction, encourage cross-border relationships and enable more efficient lending in the SME credit marketplace, worldwide.
Launched in 2015 with the vision to re-imagine the way SMEs access credit around the world, Lendindex leverages the power of AI, combined with big data and machine learning to create unique open-web business scores. The sophisticated software streamlines the loan application and origination process and uses deep learning to evaluate businesses health, in real-time. Lendindex’s fiat and digital-asset loan platform uses blockchain technology to reduce credit friction in the SME loan marketplace while increasing efficiencies, transparency and security through immutable, decentralized, smart-contracts.