Many cryptocurrency trading platforms enable users to engage in crypto lending, where they can lend their cryptocurrency to borrowers to earn interest or take out a loan while using their cryptocurrency as collateral.
Centralized trading platforms serve as intermediaries, similar to banks, which pool people’s deposits together to fund the loans given to borrowers. Decentralized trading platforms eliminate intermediaries by relying on automated smart contracts to link borrowers with lenders.
Of course, the viability of any successful lending platform depends on the speed and security of its payment technology. Crypto trading platforms require robust payment technology solutions to operate efficiently, including automated loan repayments, crypto-to-fiat conversions, and more.
Do you want to integrate high-quality payment tech solutions into your crypto lending platform? Below are the top 5 payment tech solutions for easier crypto lending.
1) ChangeNOW
ChangeNOW offers a revolutionary suite of payment tech solutions for small to medium-sized business enterprises that operate crypto trading and lending platforms. These solutions help ensure that they operate secure and stable cryptocurrency lending, exchanges, and payments. The company provides a full suite of financial solutions for SMEs and enterprises, including crypto payments, exchanges, and custody.
ChangeNOW’s Crypto Exchange API can seamlessly integrate into your crypto platform to enable safe and secure crypto lending for its users. It supports crypto lending involving more than 1,500 coins across over 110 blockchain networks and 70+ fiat options. The crypto assets are sourced from both decentralized and centralized exchanges to ensure maximum lending stability and liquidity. ChangeNOW is also certified with SOC-2 and ISO 27001 standards to guarantee top-level security and compliance.
The Crypto Exchange API offers several exchange flow standards and fixed-rate options to ensure the best possible market rates for crypto loan repayments. Additionally, they support cross-chain swaps, enabling borrowers to repay their loans using a variety of cryptocurrency assets.
Fiat on/off ramps are even available upon request. They will enable your customers to onboard directly into a fiat-to-crypto exchange from your platform. That way, they can convert between crypto and fiat currency for easier repayments of loans or withdrawals of interest proceeds made from the loans. Integration is simple and fast through the API or Exchange Widget (offering 2.25M+ pairs, a WordPress plugin, and monetization from the first transaction).
Your trading platform can fully customize its profit options by overseeing its crypto lending transactions, starting at a 0.4% commission per transaction. Profits can be withdrawn in up to 11 cryptocurrencies or fiat currencies. ChangeNOW handles all backend maintenance, along with a personal manager and support team that offers 24/7 customer support and assistance when needed.
2) Circle
Circle is a stablecoin platform that promises stability with every cryptocurrency transaction.
Its stablecoin infrastructure, primarily supported by the USDC stablecoin, enables crypto lending platforms to manage the volatility of their cryptocurrency transactions better. Since stablecoin values are pegged to the values of fiat currencies, they provide more predictability and fewer price swings for borrowers. That way, their loan repayments are more stable.
Circle proudly claims that USDC is the world’s most regulated stablecoin for supporting global finance. It offers businesses a supporting suite of SDKs and APIs to issue USDC across 28 blockchain networks, including swaps between subsets of the blockchains.
Lenders can depend on receiving consistent repayment of the principal plus interest without worrying about market downturns influencing it. Borrowers can benefit from the consistency in the loan repayment values. They don’t need to worry about fluctuations in fiat values that could lead to higher repayments.
3) Fireblocks
Fireblocks is a highly trusted stablecoin and digital asset infrastructure company. It specializes in empowering crypto trading platforms of all sizes by directly connecting them to decentralized finance protocols and liquidity sources.
The Fireblocks Network is connected to over 2,400 financial institutions within the digital asset ecosystem. It encompasses a range of entities, including liquidity providers, lending desks, and market makers. Thousands of organizations have already utilized the Fireblocks Network to process over $10 trillion in transaction volume securely.
Institutional businesses that partner with Fireblocks can securely and quickly connect with the appropriate crypto lending partners to enable crypto transactions across multiple blockchains. The decentralization ensures that all collateral liquidations and loan repayments are confidential without exposure to any intermediaries.
4) Alchemy Pay
Alchemy Pay is a cryptocurrency payment gateway that aims to bridge the gap between fiat currencies and cryptocurrencies for loan repayment purposes. It provides businesses with integrated solutions, such as Fiat On & Off Ramps, allowing borrowers to convert fiat currency into cryptocurrency for use as collateral or to convert borrowed cryptocurrency back into fiat currency for repayment purposes.
Alchemy Pay supports cryptocurrency transactions in over 170 countries. It allows people from around the world to pool their funds into the crypto ecosystem and bring liquidity to crypto loan transactions. Businesses can easily integrate the Alchemy Pay API to manage all crypto and fiat transactions on their platforms. More than 50 cryptocurrencies are supported.
5) Aave
Aave is the ideal partner for trading platforms seeking to offer flexible, on-chain liquidity solutions to their users. It is a non-custodial, decentralized, open-source protocol for businesses that utilize smart contracts and manage customized digital wallets.
Aave has become a leader in decentralized finance lending by providing deep liquidity throughout major crypto markets worldwide. It has managed over $70 billion in net deposits, $3 trillion in cumulative deposits, and $850 billion in cumulative loans, resulting in a significant stake in major cryptocurrencies and stablecoins in virtually all lending platforms.
When you integrate Aave’s SDKs or API into your trading platform, you can provide your users with access to crypto-backed loans with resilient and competitive rates. That way, it will ensure your borrowers have the best borrowing experience with the fairest terms possible.
Conclusion
Crypto trading platforms are no longer places where people merely buy and sell cryptocurrencies and digital assets. When businesses offer crypto lending services on their platforms, they allow borrowers to obtain fast cash through stablecoins and fiat currencies by using their cryptocurrency as collateral without having to sell it. Meanwhile, lenders can earn interest payments by lending their digital asset holdings.
Are you ready to integrate seamless payment tech solutions into your crypto lending platform? ChangeNOW is the most recommended payment tech solution for enabling fast, secure, and trusted crypto lending on your platform. Not only can you earn from 0.4% commission per transaction, but you can also let ChangeNOW handle all the maintenance for you.
