Crypto and payments business Wirex has expanded its credit offering to the UK market.
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”.