Kambo Allows Investors to Use Blockchain Assets to Secure Cash Loans
LONDON, UK, May 30, 2018 — London-based GK-Group has launched Kambo, a new lending platform for crypto-investors worldwide to turn blockchain assets like Bitcoin, Ethereum, and other cryptocurrencies into cash loans.
With Kambo, cryptocurrency holders have a fast, easy way to turn crypto assets into borrowed cash. Kambo’s loans are secured with Ethereum and Bitcoin cryptocurrencies, with other cryptocurrency options available as collateral opportunities later in 2018.
Kambo makes borrowing cash easy for cryptocurrency investors, who may need cash for anything from buying a car to paying down credit card debt. With Kambo’s loan services, investors have a unique ability to unlock the true potential of their crypto-holdings.
A Simplified Lending Process
When investors sign up at Kambo, they’ll immediately gain access to a fast, easy loan application, with instant approval and no credit checks. No tokens are required to get a Kambo loan. Kambo offers competitive interest rates with no hidden fees — no origination or early repayment fee.
Kambo is the only crypto-secured loan provider with native apps. For investors on the move, the Kambo app is available from the Apple App Store, and an Android app is planned for release in Summer 2018. Using Kambo’s sleek, intuitive desktop dashboard or the Kambo app, investors can track their loans, along with the value of their crypto-assets. Security measures like a mandatory one-time pin and Google authentication give investors peace of mind for asset protection as well.
Crypto Holdings = Cash in Hand
By signing up for Kambo, investors can receive immediate funding today for their otherwise idle cryptocurrency assets. By unlocking the value of these digital assets, investors can leverage their portfolios or satisfy other liquidity needs with a Kambo loan.
Kambo lends up to 50% of the collateral value of the investor’s portfolio. The assets are held in an escrow account during the term of the loan, and once the loan is repaid, the assets are released back to the customer.
Unlike competitors, the Kambo platform does not have a waitlist; Cash loans are available immediately for any cryptocurrency investor. And, unlike other cryptocurrency service companies, Kambo accepts Ethereum as collateral. More collateral options such as ERC-20 tokens, Litecoin, Bitcoin Cash, Ripple, and others will be added to Kambo’s roster in Q3 2018.
Kambo doesn’t require tokens or memberships, nor does it offer complex structured products. Plus, Kambo is already part of an established financial firm, so investors don’t need to worry about the company needing additional funds via an ICO.
Kambo is an established lender that comes from a family of exceptional financial services companies. Kambo is part of the established, regulated parent firm GK-Group, owner of MyKredit (FCA regulated) and GKFX (FCA Regulated). GKFX is also a sponsor of soccer team AC Milan. Since 2015, Kambo’s sister company MyKredit (under the GK-Group banner) has given out nearly 30,000 loans in the UK and Spain.
About G-K Group
Global Kapital Group is a global financial technology company, with offices currently across 18 countries and more than 1,000 employees. Founded in 2010, GK-Group has grown in eight years to become a successful financial technology company, with a broad focus across financial sectors, including Foreign Exchange, Commodities, Precious Metals, Options, Equities, Credit, and Payment Services. Its relentlessly innovative employees constantly seek new developments in financial technology to help benefit its customers.
For crypto rich investors looking for liquidity, Kambo is the ultimate solution. Your cash loan awaits you at Kambo!