A new era of accessible financing is on the horizon as favorable regulations and falling interest rates make bitcoin-backed loans cheaper around the globe.
Bitcoin-Backed Loans Are Going to Get Way Cheaper Around the Globe: Ledn Co-Founder
A New Era for Crypto Lending
The Trump administration‘s favorable stance on crypto is expected to significantly alter the bitcoin lending market globally over the next four years. ‘The table is going to be huge, and there’s going to be tons of food.’ Mauricio Di Bartolomeo, co-founder of Ledn, predicts a surge in bitcoin-backed loans as interest rates become competitive with traditional credit options.
The Impact of Favorable Regulations
The U.S. SEC’s withdrawal of SAB 121, a restrictive accounting rule, is paving the way for big banks to enter the crypto lending space. This development is expected to increase competition in the market, benefiting consumers. Di Bartolomeo notes that rates will drop not just in the U.S. but globally, thanks to bitcoin‘s nature as a digital asset.
A New Era of Accessible Financing
For investors from developing countries, this means access to what Di Bartolomeo calls ‘world-class financing at fair rates.’ Historically, few players have offered crypto lending services in the U.S., making the space relatively uncompetitive. With big banks now entering the market, consumers can expect more options and lower interest rates.
The Rise of Ledn
Ledn has been a pioneer in offering crypto lending services, including bitcoin loans, stablecoin growth accounts, and ether-backed loans. Founded by Di Bartolomeo and co-founder Adam Reeds in 2018, the company has issued $9 billion in loans since inception. With its services available in multiple languages, Ledn has established a market in countries like Mexico, Colombia, Venezuela, and Spain.
A Competitive Market on the Horizon
Di Bartolomeo believes that the pie is about to get much larger, and Ledn is well-positioned to get a sliver of it. With big banks entering the market, competition will increase, driving rates down and benefiting consumers. As Di Bartolomeo notes, ‘The table is going to be huge, and there’s going to be tons of food.’
Ledn is a fintech company that provides financial services, including cryptocurrency lending and earning.
Founded in 2018, Ledn offers users the ability to lend or borrow 'Bitcoin', “Ethereum”, and other “cryptocurrencies”.
The platform utilizes artificial intelligence and machine learning algorithms to assess creditworthiness and manage risk.
Ledn's services are designed for individuals and institutions looking to optimize their crypto holdings.
