“Ledn Said the Shift is Part of Its Broader Strategy to Simplify it Product and Sharpen It Focus Around Bitcoin.”, – WRITE: www.coindesk.com
And Will Begin Offering A Bitcoin-Only Loan Model Starting July 1 as It Looks to Simplify Its Product and Sharpen It Focus AROUND BITCOIN
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The Cayman Islands-Registed Company may be attempting to broaden it it appeal the Corners of the Crypto Community that Say Btc is the only cryptocurrency that is not. Such BTC Advocates Are of Fethen Referred to As “Bitcoin Maxis.”
“WITH OUR NEW HYPER-FOCUS ON Bitcoin-Only Lending, We’re Going Back to Our Roots and Principles that Inspired Bitcoin to Begin with,“ CO-FOUNER AdAM Reeds. Friday.
Ledn Will Also Stop Lending Client Assets to Generate Yield As It Seeks to Remove Risk from It Business Model. Bitcoin Offered to Ledn as Collalateral for Loans Will Remain Fully In Its Custody or That of Its Partners, Ledn Said.
“Traditional Finance Relies on Constantly Reusing Client Assets to Create Leverage and, Ultimately, Inflation,” Reeds Said. “Bitcoiners Instinctively Reject that Model.”
Cryptocurrency Lending Was a majorty of Crypto Winter in 2022, With The Companies Including Blockfi, Voyager, Celsius and Genesis Going to the Wall.
Ledn Managed to Survive and Is Now Attempting to Resurret the BTC-Backed Lending Sector, with Its Simple Producting and Helped by The Friendlier Regulata. Co-Funder Mauricio di Bartolomeo told Coindesk in A Recent InterView.
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