The fintech company is making it easy for you to keep your cryptocurrency, and have cash on hand too.
LONDON (September 28, 2018) – KAMBO’s lending platform is officially live, designed to create a safe space for crypto investors to use their assets to secure cash loans. Here to level the playing field, KAMBO’s mission is simple: to bridge the finance and crypto worlds, and in turn, give people the freedom of ownership with their blockchain assets.
Incubated by the globally renowned parent firm GK-Group, KAMBO set out to simplify the way people leverage their Bitcoin and Ethereum to borrow cash with low interest loans. Rather than selling their cryptocurrency, which makes it vulnerable to taxes and limits potential future gains, users can hold onto their coveted, favorite asset.
How does it work? Users sign up and apply for a loan, transfer their cryptocurrency to their KAMBO Wallet, and receive a wire transfer to a designated bank account. And when they’re ready, they repay the loan and accrued interest, and withdraw their cryptocurrencies from their KAMBO Wallet. It’s as simple as that.
The best part? There is virtually no wait time. KAMBO Loans for a minimum of $1,000 and maximum of $10,000 are available today, and will get you the cash you need within 24 hours globally. Should you require a larger loan, it will be reviewed on a case-by-case basis. The uses and benefits, of course, don’t stop there. Expect a competitive interest rate of 14% APR, and no early repayment fee, which allows for users to access their assets whenever they please. Plus, cryptocurrency investors with long-term goals seeking to diversify their portfolio, can finally put their idle crypto assets into use.
As a part of the GK-Group, KAMBO ensures users that they will never, and they mean never, have to be in a position to perform an Initial Coin Offering. Global Kapital Group was established in 2010 and in a mere seven-years to a global financial technology company, with offices currently across 18-countries and a total workforce of over 1,000 people. The phenomenal success has been realized through relentlessly innovative people who are constantly pushing the boundaries in fintech-innovation for the benefits of its customers.
KAMBO’s underlying principles provide the tools for a healthy and progressive crypto ecosystem today and in the future. “We believe cryptocurrencies and novel fintech concepts will liberate the financial ecosystem, and that a system can only be as healthy as its tools. Our goal is to build those tools, starting with giving people basic freedoms to use their cryptocurrencies as they please,” states Can Gulec, co-founder of KAMBO.
KAMBO is now available globally online, and will be expanding to add more cryptocurrencies in the near future.