Reddcoin (RDD) has partnered HODL Finance, an Europe-based cryptocurrency-backed loans company created by the shareholders and managers of 2014 founded company, Savy, an European peer-to-peer lending platform with more than 30,000 clients in 33 Europeans countries.
With the potential of ReddCoin (RDD) which makes it easy for crypto lovers to achieve tipping of users on Reddit, Twitter, Telegram and Youtube, those with RDD can now use it as a form of collateral on HODL Finance.
HODL Finance makes it easy for holders of RDD to have access to a fast, secured and tax-free cryptocurrency-backed loan every time.
The partnership development is coming ahead of the launch of Redd-ID, which is expect to be unveiled this month.
Vytautas Zabulis, Managing Director and co-founder of HODL Finance who spoke on the community-changing partnership said,
“Reddcoin enables brilliantly every one of us to tip or to get tipped, on any social media platform using just a single button without the complex blockchain addresses or multiple usernames.”
He added that Reddcoin’s seamless, user-oriented approach appeals to us because we’re trying to make our own system as simple to use daily.”
Adding his voice, Jay “TechAdept” Laurence, Reddcoin Core Team Co-Leader, said “Reddcoin provides a reimagined way for content creators and social network users to be rewarded for quality content with cryptocurrency.”
He added that partnering with forward-thinking companies such as HODL Finance allows Reddcoin Core to offer our users the ability to use their RDD to secure fiat loans, safely, quickly, and without risking your underlying assets.
At the moment, lovers of Reddcoin, ReddHeads, and the cryptocurrency space are excited to welcome HODL Finance to the growing ecosystem of ReddCoin.
As an evolution, ReddCoin is a peer-to-peer open-source cryptocurrency derived from Litecoin. The platform makes it easy for social media enthusiasts to achieve tipping RDD any social platform.
At the moment, its tipping protocol is now live on Justin.TV, Twitch, Reddit, Twitter, and YouTube. There is high expectation that it will also be enabled on Facebook any moment.