Crypto and payments business Wirex has expanded its credit offering to the UK market.
In Brief:
Wirex Credit is now available in the UK as well as wider Europe and Asia.
This enables users to borrow “crypto backed credit lines” of up to $100,000.
Customers can instantly borrow stablecoins with no credit or affordability checks.
What does this mean?
Wirex says the Wirex Credit programme has already proved “highly competitive” since it launched a month ago, and claims the product can give its users “straightforward access to the benefits of DeFi”.
