YouHodler, a Fintech platform that assists consumers with accessing the benefits of the fast-evolving crypto economy, has reportedly integrated with Fireblocks, a digital asset custody, transfer and settlement platform.
Through the partnership, YouHodler will be leveraging Fireblocks for cryptocurrency transactions management and integrations with several protocols, such as Polkadot (DOT), Tezos (XTZ), and Cardano (ADA).
YouHodler’s services open up connections between crypto and the “real world,” enabling consumers to use their crypto-assets without having to spend them. With YouHodler, users are able to purchase and sell cryptocurrency at any time, use it for purchases or “put it in a reward account generating 12% yields,” according to an update shared with CI.
Additionally, users are able to exchange crypto, fiat and stablecoins and receive instant cash and crypto-based loans with their crypto-assets acting as a form of collateral. Now the firm has teamed up with Fireblocks in order to “ensure the high security level of its crypto operations.”
Fireblocks supports banking institutions, Fintech firms, exchanges, and other industry players to “securely manage digital assets across a wide range of products and services — it protects those digital assets in transit, focusing on securing their transmission between exchanges, counter brokers, wallets, and stores.”
Beginning with serving crypto-native institutions and exchanges, Fireblocks Network now “includes over 400 participants and currently exceeds over $700 billion in transfer volume.”
Michael Shaulov, CEO of Fireblocks, stated:
“We at Fireblocks always strive for a transparent, efficient, and fraud-free financial system for blockchain based assets. I’m glad to admit our missions and values largely coincide with YouHodler, and we look forward to great results of our partnership.”
Offering its crypto services, YouHodler assists consumers with better understanding and utilizing the benefits of digital assets and to “avoid zero and negative interest rates on their savings with traditional banks.”
Unlocking the value of digital assets, the team shares a mission of “helping people stop passive holding and start using crypto assets right now, and achieving the high level of security of the operations made through YouHodler platform is crucial for its further development,” the announcement noted.
Ilya Volkov, CEO & Founder of YouHodler, remarked:
“The announced Fireblocks integration brings us a step closer to your goal of building a consumer-centric entity that supports the coexistence of crypto and fiat for the benefit of people. With Fireblocks, we’ll be able to ensure the additional security of our transactions, and I believe this cooperation will benefit not only our customers, but the industry as a whole.”
As mentioned in a release, YouHodler is a Fintech platform that helps people “access the benefits of the crypto economy.”
It enables users to “get instant cash and cryptocurrency loans, exchange crypto, fiat and stablecoins quickly and easily, and earn up to 12% APR + compounding interest by depositing crypto in their reward account.”
The platform has “the highest loan to value ratio (90%) with minimum loan amounts starting at just $100 and accepts the top 30 coins as collateral with instant credit card and bank withdrawals included.”
YouHodler “supports BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, DOGE and other popular cryptocurrencies and tokens.”
Users’ funds are “protected with Ledger’s industry-leading and independently-certified security technology as well as their insurance program.” The firm is a European Union and Switzerland-based brand with offices in Cyprus and Switzerland.