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Tag: crypto lending

Market Wrap: BTC, Stocks Rally in Late Session Following Fed’s Rate Increase

Jerome Powell illustration

Bitcoin and equities rallied late in the session, suggesting rate hikes may be mostly priced in and may not push markets down in the future

The post Market Wrap: BTC, Stocks Rally in Late Session Following Fed’s Rate Increase appeared first on Blockworks.

DAOs Should Embrace Regulation Not Fear It

Guest writer Ryan Berkun says regulation can help DAOs organize and manage their missions.

MELD Protocol: DeFi Banking on Cardano

Whether you like it or not, crypto hasn’t yet taken over the world. In most places, fiat currency is used for the majority of financial transactions. This means that not all of your funds can go into crypto since you’ll need some cash to pay for your expenses. Yes, you could sell your crypto whenever […]

The post MELD Protocol: DeFi Banking on Cardano appeared first on Coin Bureau.

MELD Protocol: DeFi Banking on Cardano

Whether you like it or not, crypto hasn’t yet taken over the world. In most places, fiat currency is used for the majority of...

CarNow and Cion Digital Partner to Provide Consumers Option to Purchase and Finance Cars with Crypto

CarNow, the automotive industry's leading digital retailing company, today announced a partnership with Cion Digital providing customers a way to purchase and finance vehicles using cryptocurrency via an integration with CarNow's Real-Time Retail™ platform.

Cion Digital's ready-to-deploy modular payments and lending platform provides companies with access to all the connectivity, infrastructure and support needed to rapidly deploy blockchain-based real-time payment and lending solutions, and to incorporate digital assets into existing traditional and legacy payment and financing systems.

This capability will be made available to CarNow's entire network of nearly 5,000 dealers and will include a first-of-a-kind crypto lending marketplace that will let car buyers use their crypto as collateral for loans at highly competitive rates.

Commenting on the partnership, Tim Cox, Co-founder and Chief Evangelist of CarNow said, "This partnership further demonstrates our commitment to providing our dealers and their clients with the most inclusive, dealer-friendly payment options. Now our dealers can better connect with a new kind of buyer who is looking to leverage next generation cryptocurrency payment options and create a more frictionless car buying journey. We're thrilled to be embarking on this alliance together as we look to transform the car-buying experience.”

Cion's Auto Dealership Cryptocurrency integration gives car buyers shopping at a dealership using CarNow flexible payment and lending options. Car buyers can choose to place a deposit on a vehicle with cryptocurrency, make a down payment, or pay for the vehicle in full. The platform allows for full payment in cryptocurrency, as well as options to combine both crypto and fiat currencies in the same transaction. Car buyers can also use cryptocurrency as collateral to qualify for a low-interest loan with one of several lenders in Cion Digital's lending marketplace - almost always at significantly better rates than traditional financing. Once a car buyer chooses how they want to pay, the order is ported from the CarNow platform to Cion Digital. The integration enables buyers to progress through identity verification (KYC) quickly and seamlessly and proceed to payment. 

Transactions are confirmed on the blockchain and transferred in compliance with AML and KYC regulations directly to the custodian in either crypto or fiat (as requested by the dealer) in just a few seconds. Dealers can then choose when they want to transfer settled funds via ACH into their bank account.

“Cion is excited to officially partner with CarNow to offer their dealer partners the ability for buyers to pay for vehicles in cryptocurrency or to use their cryptocurrency as collateral for what is often a lower cost loan,” said Fred Brothers, President and Co-founder of Cion Digital. “With more than half of Millennials now owning crypto, CarNow is increasing dealer capabilities for this fast-growing market of buyers who want more financing and purchasing options at the dealership.”

At rollout, buyers can select from the top 20 coins including Bitcoin, Ethereum, Cardano, Tether, Litecoin, USDC, Polkadot and Dash. Future platform enhancements will include the ability to split the purchase price among multiple coins. 

Dealers interested in learning more about this partnership can visit CarNow at Booth #1771W at NADA 2022 for a demo or visit https://www.ciondigital.com/auto.

About CarNow

CarNow is a market leader in digital retailing solutions for the automotive industry. CarNow creates frictionless, real-time enterprise software solutions to facilitate the transaction between dealers and consumers. Through our solutions, shoppers receive enhanced virtual showroom services, live support at anytime, from anywhere, on any device. With over 5,000 dealership customers and over twenty manufacturer certifications, CarNow is one of the fastest growing companies in automotive. CarNow is headquartered in Atlanta, Georgia. Learn more at https://carnow.com

CarNow Media Contact

Lou Laste

678-492-2737

lou.laste@yahoo.com

About Cion Digital

Cion Digital's proprietary Blockchain Orchestration Platform allows institutions to build innovative finance solutions quickly, and to seamlessly connect their legacy systems with the complex and ever-changing world of decentralized finance. 

Our Blockchain Orchestration Platform enables auto dealers and other big-ticket retailers to accept cryptocurrency transactions. We've built the ultimate crypto dealership platform to provide car payment and lending solutions unmatched in the industry. For more information visit us athttps://www.ciondigital.com/auto

Connect with us: Twitter | LinkedIn

Cion Digital Contact

Katie Robinson

katie@ciondigital.com


BSCPad And ADAPad Public Sale On March 14th.

Adalend

The post BSCPad And ADAPad Public Sale On March 14th. appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Cryptocurrencies and DeFi are experiencing a period of blistering growth: The total value locked (TVL) of tokens in DeFi protocols rose 357% to $255.39 billion among all blockchains.Over $2.5 trillion in cryptocurrencies was traded in January 2022 alone.Global crypto market cap is now over $2 trillion. Within the space, crypto lending has become the most …

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

AdaLend: The World’s Leading Cardano-Based Lending Protocol

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass AdoptionBSCPad and ADAPad Public Sale On March 14th. Cryptocurrencies and DeFi are experiencing a period of blistering growth: The total value locked (TVL) of tokens in DeFi protocols rose 357% to $255.39 billion among all blockchains. Over $2.5 trillion in cryptocurrencies was traded in January 2022 alone. Global crypto market cap is now over $2 […]

Andre Cronje’s Sudden Exit Leaves DeFi Agog But It’s Right in Character

Andre Cronje's abrupt exit has roiled DeFi but not all are surprised.

Mawson Infrastructure Group Signs New Hosting Services Deal with Foundry Digital

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption
The deal demonstrates yet another step forward in Mawson's goal to become the world's biggest carbon neutral Bitcoin miner. (Read More)

Bitcoin Miner Mawson Inks Hosting Deals With Celsius Mining and Foundry Digital

Bitcoin Miner Mawson Inks Hosting Deals With Celsius Mining and Foundry DigitalThe bitcoin mining operation Mawson Infrastructure Group (MIGI) has started to make hosting deals with key players in the mining industry. On March 1, Securities and Exchange Commission (SEC) documents show that Mawson signed a 100-megawatt (MW) co-location agreement with Celsius Mining. Three days later, Mawson announced a 12-megawatt (MW) co-location deal with Foundry Digital. […]

US Regulatory Agency Probes NFT Industry Over Possible Securities Violations: Report

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

The U.S. Securities and Exchange Commission (SEC) is reportedly launching an investigation into a nascent sector of the digital assets industry over crypto asset offerings that potentially violate the law. According to a new report by Bloomberg, anonymous sources familiar with the matter say that the SEC’s probe will focus on whether or not non-fungible […]

The post US Regulatory Agency Probes NFT Industry Over Possible Securities Violations: Report appeared first on The Daily Hodl.

You can now buy GFI, which gained 22%: here’s where

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

GFI is the native token of Goldfinch, a decentralized credit protocol for crypto loans…

The post You can now buy GFI, which gained 22%: here’s where appeared first on Coin Journal.

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

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