Fintech Platform Expands by Offering Wallets and Exchange Tools for 'Crypto Spring'

A fintech company says it has reached several milestones that help crypto enthusiasts capitalize on the current bull market, as it complements its crypto lending service with wallets, blockchain integration and crypto-fiat conversions.

YouHodler offers cash loans of up to $30,000 to consumers who are willing to use their cryptocurrency as collateral.

The platform says suggestions from its community are instrumental in its ambition to unveil new features - and as a result, it is now accepting Stellar as a collateral option for its crypto loans.

The platform's CEO, Ilya Volkov, said: "With the addition of debit/credit card integration and crypto-fiat conversions, users can quickly receive a fiat loan and instantly withdraw it to their debit or credit card. This efficiency is especially helpful in a growing market like we're seeing now."

He went on to say, "Alternatively, users can receive a fiat loan, and convert it to a crypto of their choice inside the YouHodler platform itself, giving users yet another opportunity for leveraging and hedging their assets."

The platform also hopes to unveil new payment systems for its users and launch its own credit card by the end of 2019.

YouHodler says it is rolling out its services in response to the crypto spring.

Over a limited time period, users are also being offered a preferential loan-to-value ratio to enable users to unlock more cash for their crypto collateral.

For consumers, the platform says that "The main goal is to capitalize on this growth without having to sell current crypto assets."

The platform also aspires to expand its user base and launch partnerships with traditional banking institutions so that more sustainable payment solutions are afforded to those in developing countries.