Buda.com launches its financing service in local currency, however backed by Bitcoin in Chile. The exchange explains that the credit can be obtained immediately "without talking to executives or signing papers."
Chilean exchange Buda.com announced the launch of its financing service, which will be backed by Bitcoin (BTC), although the requested credits are provided in local currency. A flexible credit that enables users to obtain liquidity.
This is how the CEO of Buda.com, Guillermo Torrealba, described it:
"El lanzamiento de Buda Credits es el plan de Buda.com más relevante de Chile, uno de los 4 territorios donde operamos, y pertenece a los muchos avances que permitieron la unión de criptomonedas en la nueva economía, que busca utilizar la tecnología para aumentar la cartera de productos y resoluciones financieras al tamaño de las necesidades del cliente. Responde a la enorme demanda y aumento de usuarios de criptomonedas a nivel local y global".
The organization explains on its web portal that the credit can be obtained quickly "without talking with executives or signing papers", meanwhile that the interest will only be 1% per month (of the required cost in pesos) and discards any change or hidden price, coupled with the fact that it makes it possible to pay only interest and credit later.
At the end of October, Buda.com exceeded the transactions by $ 400,000 dollars of the stablecoin USD Coin, which is used as a choice to the US dollars, to avoid the ups and downs of its daily price, being the highest placement of the nations where it operates (Colombia, Chile, Argentina and Peru).
Los intercambios locales mantienen su extensión a más territorios del territorio
The exchange details that to enter the "Buddha Credits", its consumers must support twice the required cost, that is, if it demands $ 100, it should have a double support in Bitcoin. The organization explains that it makes possible the payment of interest month after month or the portion that the client chooses.
This is how the Product Owner of Buda.com, Diego Silva, explains his credits:
"Este es un producto diseñado para aquellos que poseen BTC y requieren dinero ahora, pero no anhelan vender sus criptomonedas. Es una demanda cada vez mayor entre los inversores de Bitcoin. Fueron más de 11 meses de trabajo con un equipo dedicado exclusivamente a Buda Credits, un grupo centrado en 3 puntos de vista: proporcionar un producto de clase mundial, permitiéndoles tener la opción de ahorrar en criptomonedas y facilitando su entrada en tecnología avanzada al ritmo de todo el mundo criptográfico".
At the end of September, the CEO of the Chilean exchange Buda.com indicated that investments in Bitcoin in Latin America continue to increase and that new financial products built on the cryptocurrency continue to emerge and will be more modern, economical and transparent.
Guillermo Torrealba argued that Bitcoin seeks to produce an economic system without dependency, decentralized and that makes it possible to transfer economic cost, which will increase the cost of the cryptocurrency, because "there will never be much more than 21 million", as revealed in an interview for America Economy.
