Constant and HB Wallet just announced in-wallet P2P lending, investing
Ho Chi Minh City — Dec 5, 2019 — Constant P2P lending and Bacoor Inc.; the company behind HB wallet, today announced a new strategic partnership integrating Constant’s services into HB Wallet.
The new partnership will allow HB Wallet users to lend and borrow on Constant’s secure and speedy P2P lending platform completely within the HB Wallet interface.
“We’re looking forward to introducing Constant’s platform to HB’s forward-thinking community. Constant users normally earn a generous 10% APR on every investment they make and we’re delighted to have the opportunity to offer that for HB users too.”
-Zon Chu, Constant CEO
HB Wallet is one of the most popular Ethereum Wallets in Japan. On the platform, users can purchase cryptocurrency with credit cards, swap ETH or tokens for stablecoins, trade HB DEX for ERC-20 tokens or ERC-721 tokens on the NFT market, receive free airdrops, chat with other users, and much more.
And with their new partnership with Constant, HB Wallet is diving deeper into the expanding realm of fintech.
Constant was designed to increase the security of online peer-to-peer lending. On the platform, borrowers must put up cryptocurrency as collateral to secure their loans. If a borrower defaults, their digital collateral can be quickly sold to cover the debt.
Since Constant’s launch earlier this year, it has quickly become one of the most popular lending platforms in Southeast Asia. On the platform, lenders and borrowers select their desired interest rates and payment schedules and are matched to each other via an algorithm.
HB wallet and Constant will continue to explore possible tech integrations and marketing collaborations. They both hope to promote more cross-community engagement and continue bringing exciting new benefits to their users.
“We appreciate the work and speedy execution by the Constant team to set up the integration with HB wallet. We look forward to further collaboration with their stellar team of engineers and scientists to develop more financial products on HB Wallet.”
-Mr. Haruna Yukio, HB CEO
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. They are backed by PrimeTrust and the FDIC and work closely with custody services like Bitgo to insure collateral.
Bacoor Inc. was established in early 2017 in Osaka, Japan. The company specializes in dealing with digital assets including Ethereum, Tokens, and Smart Contracts. Bacoor Inc. currently has established offices in Japan, Malaysia, the Philippines, and Vietnam. Their most popular product is HB Wallet. It has obtained over 270,000 downloads over the last 2 years, across iOS, Android, Mac, and Windows.
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