DeFi lending and borrowing is fine but actually using it and converting back to Fiat money is a headache every time.
Today I was introduced to one of the best innovations I've seen in the Crypto space in a long time.
Deposit your crypto into a regular bank account similar to Kast, and then instead of it converting to USD you borrow USD against it inside the app.
Genius idea, I hate selling my crypto, I know the bull run will return, why would I realise a profit/loss now, I'd much rather borrow against it.
More people in crypto need to use this in my opinion, the company is called
@xplaceapp and today their Founder
@apnmrev did a presentation about this and I signed up straight away, even before he finished presenting and soon I'll be transferring all unused Crypto to this and finally using it for all sorts of things, "putting my money to work just like the Rich does"
Artem said in his presentation at
@SuperteamUK Co-working space.
Cannot wait for them to move into Business bank accounts as well.
Great way to end the week.