Constant and Coin98 to grow crypto-backed lending in Vietnam

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CALIFORNIA — August 27th, 2019 — Constant, a decentralized P2P lending platform, has signed a strategic partnership with Coin98 to develop crypto-backed lending in Vietnam.

Fast becoming a crypto hotspot, Vietnam is an ideal market for decentralized financial services. Coin98 has been serving this growing community reliable news from across the blockchain space, receiving over 113,000 site visits per month. The collaboration will help Constant reach this crypto-savvy audience while giving Coin98 readers better lending opportunities.

Duy Huynh, Constant’s founder, said, “Coin98 is a valuable resource for anyone interested in blockchain in Vietnam. They’re smart people writing about big and often complex ideas, helping demystify blockchain for thousands of people. The partnership gives us a louder voice, but also gives Coin98 readers a chance to do more with their money, whether that’s investing, borrowing, or even margin trading.”

Since launching in May 2019, Constant has matched $1.5M in loans. Borrowers hail from various crypto camps, including TOMO, KCS, FTM, ZIL, and BNB. All put up cryptocurrency collateral to secure their loan, which is sold if they default or the value falls below a certain threshold. This protects investors’ returns and removes the need for credit checks.

“Vietnam is an important market for us,” said Huynh. “We set up one of our first teams in Ho Chi Minh City to better serve customers there. Yes, the market is small but it’s growing fast — and with Coin98, we can help more people earn better returns on their money as well as access cash when they need it.”

Coin98 writes explainers, news, and trading strategies across the blockchain space. As the top crypto publication in the region, it has organized and hosted multiple AMA events for the likes of NEO, CoinGecko, Harmony, MakerDAO, Qtum, TrustToken, ThorChain, VeChain, and many more. With such an influential partner, Constant is well-positioned to grow crypto-backed lending in Vietnam.

Chris Roper

Communications at Constant

Headquartered in California, Constant is an alternative financial services platform designed to strip out the inefficiencies of the traditional banking industry and help people get more out of their money. Constant was founded by a team of scientists, economists, engineers, and designers, fully devoted to the mission of building simple, elegant financial tools for an increasingly interconnected world.

Coin98 was founded in 2017 by crypto pioneers and journalists. Their deep dives into tokens, markets, and technology have helped thousands make better investment decisions. With an active readership of over 85,000, Coin98 is the foremost source of blockchain news in Vietnam.

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