Overview
MyConstant is a fintech platform specializing in peer-to-peer lending and investment services, primarily focused on cryptocurrency-backed loans and savings products. The platform was launched in 2018 and is headquartered in Singapore, a global hub for financial innovation and blockchain technology.
MyConstant provides a mobile application available on both iOS and Android devices, enabling users to access their accounts, lend, borrow, and manage investments conveniently on the go.
As of the latest data, MyConstant receives approximately 150,000 monthly visits. Its user base is internationally diverse, with the five main markets originating from the United States, Canada, the United Kingdom, Australia, and Singapore. This global reach underscores its appeal to both crypto enthusiasts and traditional investors seeking alternative lending solutions.
Key Features of Myconstant
- Crypto-Backed Loans: Borrowers can access unsecured cash loans by using cryptocurrency as collateral, allowing them to leverage holdings without selling assets.
- Peer-to-Peer Lending Marketplace: Investors can lend fiat currency directly to borrowers, earning competitive interest rates while minimizing risk through secured loans.
- High-Yield Savings Account: Users can deposit funds and earn attractive interest rates, often higher than traditional banks, supported by diversified lending portfolios.
- Automated Loan Management: The platform offers automated matching of borrowers and lenders, simplifying the lending process with transparent terms and real-time tracking.
- Multi-Currency Support: MyConstant supports lending and borrowing in multiple currencies, including USD, SGD, and cryptocurrencies such as Bitcoin and Ethereum.
Benefits of Using Myconstant
- Access to Liquidity Without Selling Crypto: By collateralizing cryptocurrency, users can maintain exposure to their assets while accessing needed cash.
- Attractive Returns for Lenders: Peer-to-peer lending provides higher interest potential compared to conventional savings, attracting investors seeking passive income.
- Secure and Transparent Platform: Loans on MyConstant are over-collateralized and managed with blockchain-backed transparency, reducing counterparty risk.
- User-Friendly Interface: Both the website and mobile app feature intuitive navigation and comprehensive account management tools.
- Global Accessibility: The platform serves users worldwide with flexible loan terms and multiple currency options.
Applications of Myconstant
MyConstant is widely used by cryptocurrency holders looking for immediate liquidity without sacrificing market exposure. It is also a preferred platform for investors seeking to diversify portfolios with peer-to-peer loans that offer higher returns than traditional banks.
Entrepreneurs and individuals needing fast and flexible financing can leverage MyConstantโs crypto-secured loans as an alternative to conventional credit systems, particularly in regions where access to traditional loans is limited or cumbersome.
Finally, MyConstantโs savings products are attractive to cautious investors wanting steady income while maintaining the option to participate in the growing crypto economy.