Helio Lending, the first independent crypto lending company has launched into the Australian cryptocurrency market on Wednesday, giving Australians the chance to cryptos within Australia for the first time.
The lending services company will help provide borrowers with everyday goods using a new model that opens lending criteria adding economic gain to the Australian economy.
Helio Lending Founder and Managing Director, John O’Shea said he was excited to bring this product to his clients in such an untapped area that has so much potential for growth and expansion.
“Currently there are only two or three providers globally, and we are excited to offer such an exciting service acting as a direct lender, with a quick seamless process and exceptional customer service.” O’Shea said.
Helio promises its clients will have 50% more spending power than they do by holding onto their crypto assets.
“These assets may be held overseas or Australia, and we allow the funds to come back to AUS, USD, EUR and HKD to be used by our clients.
We anticipate our clients will reinvest, buy goods and services and even start their own business through unlocking these assets.” O’Shea said.
Technologically driven crypto-lending
With tech-first systems, the services will provide holders of cryptocurrency with a way to access fiat funds, without selling any of their cryptocurrency.
The way it works is through distributed ledger technology, allowing transaction and settlement without counterparty risk by enabling holders of digital assets to use them as collateral.
Technology electronically monitors the prices of the Approved Digital Assets such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple to allow access to these credit and fiat currencies.
Helio has partnered with ETHLend in the Asia Pacify region to manage the Crypto wallets and clearing liquidity.
Mr Stani Kulechov CEO and Founder of ETHlend said, “We are excited by the opportunity to partner with Helio Lending and already have enquires streaming in from the regional Helio opportunity, it will be great to now have a local presence to service our clients.”