Copy link
Increase text size
Decrease text size
Link copied

Binance launches Binance Loans service with 20% off interest rate promotion

Image by Binance from Twitter

Sat, 04 Apr 2020, 07:25 am UTC

Binance announced the launch of Binance Loans service.

On Tuesday, Binance introduced Binance Loans service which will help users leverage existing crypto assets as collateral for loans, borrow from a large range of crypto assets, select from a range of varying loan periods, get low-interest rates and receive instant approval.

From now until April 14, 2020, 0:00 AM (UTC), all Binance Loans service users across any of the loan periods in the table below will receive a 20% discount on the daily interest rate with the lowest interest rate being 0.0224%.

Based on the table one can loan either Binance USD (BUSD) or Tether (USDT). The standard interest for BUSD for 7 days is 0.028%, but it will be reduced to 0.0024% with the 20% off interest rate promotion.

Binance Loans will continue to be flexible and actively provide a varying range of options for supported crypto assets, interest rates, collateral assets, and maximum loanable limits based on market conditions and its internal risk management. The daily interest rate will return to the standard rage after the promo period ends.

Meanwhile, Binance has also added more fiat currencies to buy crypto using its credit and debit cards without international currency conversion fees. Among the new currencies added are Israeli Shekel (ILS), Argentine Peso (ARS), Malaysian Ringgit (MYR), New Taiwan Dollar (TWD), Swiss Franc (CHF), Singapore Dollar (SGD), and the Philippine Peso (PHP).

The said currencies can now be used to purchase the following cryptocurrencies Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), BNB, Binance USD (BUSD), and Tether (USDT). Users can go to the Buy Crypto page and select “Pay with Credit/Debit Card” to enjoy the service.

Also, Binance just launched Binance Card, which is issued by Visa and is accepted by over 46 million merchants offline and online in 200 regions and territories. With Binance Card, one can go shopping and pay it with crypto.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $19,418.10 (+2.11%)
  • Ethereum (ETH) $613.79 (+3.08%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Litecoin (LTC) $88.45 (+1.56%)
  • Chainlink (LINK) $13.94 (+0.36%)
  • Bitcoin (BTC) $19,418.10 (+2.11%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.