In a bear market, NBA Star offers fans a blockchain-based alternative to traditional banking

SAN FRANCISCO – () – NBA star, entrepreneur and philanthropist Spencer Dinwiddie e Cred, a California-based licensed lender, has launched an exclusive partnership that will offer an alternative to traditional banking services and allow NBA fans to earn interest on stablecoins and other crypto assets. Stablecoins are cryptocurrencies pegged to something stable, such as the US dollar, and are very popular when financial markets are highly volatile. Clients in need of cash can also pledge cryptocurrencies as collateral for borrowing. A portion of the revenue generated by the partnership will be reinvested in the Dinwiddie Family Foundation, which provides university scholarships to disadvantaged and at-risk young people. Starting today, individuals will earn interest on their digital assets through Spencer Dinwiddie & Cred partnership website.

“It’s important for me to bring value to my fans both on and off the pitch,” said Spencer Dinwiddie, Brooklyn Nets Guard. “I believe blockchain can fundamentally reshape the nature of financial services for the better and the Cred team is well positioned to make that happen. I believe in Cred’s mission to provide more equitable and inclusive financial services to people, leveraging blockchain technology, and their team has unparalleled experience in capital markets, blockchain and traditional financial services. This partnership comes at a critical time, where I can educate my fans about the power of cryptocurrencies and blockchain while earning interest on their digital assets. ”

“While Spencer Dinwiddie may be best known for his star power on the pitch, we at Cred are proud to partner with such a dedicated entrepreneur,” said Dan Schatt, CEO and co-founder of Cred. “We are thrilled that Spencer is using his platform to raise awareness of the power of blockchain to make money work harder and smarter in challenging market conditions and are delighted to support Spencer in our collective mission to democratize financial services through blockchain. ”

As an athlete, entrepreneur and investor, Spencer Dinwiddie successfully launched several businesses at the age of 26. In January 2020, Dinwiddie launched an Ethereum-based platform called DREAM Fan Shares, placing it at the forefront of the cryptocurrency industry.

On the basketball court last season, Spencer Dinwiddie averaged 16.8 points and 4.6 assists per game, emerging as one of the best guards in the league. The amazing University of Colorado has also established the Dinwiddie Family Foundation which works with the United Negro College Fund (UNCF) to provide undergraduate scholarships to students in Los Angeles, California, or Brooklyn, New York.

Spencer Dinwiddie and Cred’s strategic partnership gives digital asset holders the ability to earn up to ten percent interest on Bitcoin, Litecoin, Ethereum and more by visiting the Spencer Dinwiddie & Cred partnership website. Digital asset holders can commit for a six-month period and receive monthly interest payments, with the option of renewing the pledged assets for additional periods. No minimum account is required and interest is paid in fiat or cryptocurrency.

ABOUT CREDIT

Cred is a global lending and lending platform that facilitates open access to credit anywhere, anytime. Founded by former veterans of PayPal financial technology, Cred is headquartered in the San Francisco Bay Area. Cred’s mission is to harness the power of blockchain to enable everyone to benefit from superior financial services. Cred brings together a diverse team of business leaders, machine learning, and the power of blockchain technology. For more information visit www.mycred.io.

Disclaimer: CredEarn is the trade name for a service offered to non-US persons by Cred LLC, which is a distinct and separate entity from Cred (US) LLC. CredEarn allows you to extend a loan to Cred LLC. The purpose of the loan is to allow you to earn a higher return on your crypto assets, such as Bitcoin. Cred LLC is not a bank and CredEarn services are not insured by the FDIC. CredBorrow and C-LOC ™ are trade names for loan products of Cred (US) LLC, an authorized lender and wholly owned subsidiary of Cred LLC. Loans, loan amounts, terms and rates are not available in all jurisdictions or for all types of collateral. The availability of rates, types of cryptocurrencies, loan amounts and other terms are subject to change. Loan applicants are subject to AML and KYC screening. Terms, conditions and restrictions apply. Loans made or arranged under the California Finance Lenders Law License 60DBO – 91480.

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About Myra R.

Myra R.

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