6 MINUTES

SelfKey Progress Report for June

We're officially halfway through 2020, and here's our sixth progress report. June was a productive month at SelfKey as we launched the Loans Marketplace! Read all about it, including new partnerships and fresh content, below.
03 Jul 2020
Chris Grundy

This past month has been an exciting one here at SelfKey. We successfully launched our Loans Marketplace after lots of hard work from our R&D and product teams. The Loans Marketplace adds impressive new functionality to the SelfKey Wallet, as you can now easily compare a number of excellent crypto lending platforms. 

Wallet users now have access to some of the best crypto lending platforms on the market. Information such as platform location, the type of lending platform, interest rates, assets accepted, the collateral needed, what is required to receive a loan and more are all clearly laid out. This way it’s easy to see which platforms meet any criteria you have, and which platforms you are eligible to join. 

The Loans Marketplace also has a state-of-the-art loan calculator so you can easily compare and contrast the different crypto lending platforms that are available whether you are looking to lend or borrow. You’ll be able to see which assets are accepted, the interest rates, and more.

If you aren’t a SelfKey Wallet user yet, download it here and get started on your crypto lending journey.

Partnerships

Australia’s first Independent crypto-lending company – Helio Lending joins the upcoming SelfKey Cryptocurrency Loans Marketplace

Helio Lending is a cryptocurrency lender, based in Australia that allows people from around the world to access cryptocurrency-backed loans. The lending service provides holders of cryptocurrency a safe and secure way to access fiat funds, without selling any of their cryptocurrency.

Read the full announcement here.

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Fresh content

All Data Breaches in 2019 & 2020 – An Alarming Timeline

We’ve continued to update our comprehensive list of data breaches. As of June 2020, AT LEAST 16 billion records, including credit card numbers, home addresses, phone numbers and other highly sensitive information, have been exposed through data breaches since 2019. The first quarter of 2020 has been one of the worst in data breach history, with over 8 billion records exposed.

Read the full list here.

Crypto Lending in the United States

If you’re a resident or citizen of the United States, you’ve probably noticed that it is difficult to find a cryptocurrency platform that offers its services to you. Many crypto lending platforms purposefully exclude US residents and citizens from using their services, although the market is beginning to expand. 

In this article, we explore why the United States is often left out by great crypto lending platforms, and how you can still get a crypto loan as a US citizen or resident.

Continue reading here.

The Top 5 Advantages of Cryptocurrency Lending

Cryptocurrency lending has the potential to take over the loans industry as we know it. In essence, it makes the process of getting a loan far easier and has far less requirements than traditional lending methods. However, for many, the idea of crypto lending still seems risky and in some ways, too good to be true.

Is crypto lending really that great? In short, yes! In this article, we’ll walk you through the many advantages of cryptocurrency lending and why you should consider crypto the next time you need a loan.

Read the full article here.

Introducing the SelfKey Loans Marketplace

We’re excited to announce the newest addition to the SelfKey Marketplace – the Loans Marketplace! The Loans Marketplace adds impressive new functionality to the SelfKey Wallet, as you can now easily compare a number of excellent crypto lending platforms. Wallet users now have access to some of the best crypto lending platforms on the market.

In this article, we walk you through our newest Marketplace and some of the great lending platforms that are listed. Here’s how to get started.

Keep reading here.

Cryptocurrency Lending vs. Bank Lending

Bank lending has been around for hundreds of years and continues to be the popular choice for most people. Despite the fact that cryptocurrency lending has only been around for a couple of years, the industry is making waves and has been steadily gaining popularity. Traditional bank lending and crypto lending are similar on a superficial level, in that they both allow people to borrow funds, but their differences are what sets them apart.

So how do crypto lending and bank lending compare? In this article, we explore how both forms of lending work, what makes them unique, and their respective pros and cons.

Read the full article here.

That’s all for this month. Check out our previous Progress Reports here. Thanks for reading and stay safe.

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