Crypto-lending platform Cred joins Visa’s Fast Track fintech programme.

The crypto-lending platform Cred has joined Visa’s Fast Track programme.

Visa adds crypto lender Cred to its Fast Track Payments program. Read more from @Cointelegraph below:https://t.co/64U8d39StI

— Cred (@ihaveCred) September 8, 2020

The integration will enable Cred to send interest payments to Visa clients’ bank accounts, as well as issue crypto credit cards and provide fiat-currency loans on them without the need to sell the digital assets.

New features will be available in a limited set of jurisdictions, but Cred aims to expand the service’s geographic reach by 2021.

The price of Cred’s native token LBA rose 20% in response to the announcement.

The Fast Track programme was launched in July 2019 and is aimed at fintech companies seeking to accelerate growth through Visa’s resources and services.

Earlier, the Fast Track programme welcomed Fold, a startup that announced the launch of a Visa debit card to receive Bitcoin cashback. The developer of the popular Lightning Wallet Zap Wallet also joined the programme.

In August, Visa said it was ready to support the development of digital currencies, arguing they have the potential to increase the value of digital payments.

Follow ForkLog’s news on Telegram: ForkLog Feed — the full news feed, ForkLog — the most important news and polls.