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Ledn introduces Bitcoin mortgage platform

Ledn, a crypto lending company, has raised $ 70 million in donations, according to a press release.

The company is now valued at $ 540 million.

“Since its inception, Ledn has processed over $ 450 million in lending, with 90% of that lending being in 2021,” Ledn co-founder Mauricio Di Bartolomeo told The Block.

The press release notes that the company has launched a Bitcoin-backed mortgage product so that users can use their Bitcoin holdings to buy a home.

Ledn co-founder Adam Reeds said the idea was fueled by the fact that many people who have high bitcoin fortunes still cannot use their assets to qualify for a mortgage loan.

“So we’re introducing this product to provide access to key financial products for those who choose to invest outside of the mainstream legacy banks,” he said.

The press release notes that some of the major Ledn products are an interest-bearing savings account for Bitcoin and USDC, Bitcoin and USD loans, as well as a trading function.

Arculus Key Card address authentication

In the meantime, the crypto security company Arculus has teamed up with the Bitcoin 2022 event to offer a new crypto security card with numerous authentication requirements, according to a press release.

The Arculus Key Card and WalletTM App work with a 3-factor authentication solution for buying, sending and receiving crypto.

“Crypto is going mainstream and Bitcoin 2022 participants, who are among the most accomplished crypto market players, will lead the way to secure their cryptos,” said Adam Lowe, Chief Innovation Officer at Arculus. “As more people buy cryptocurrencies, hacks are expected to increase and Arculus, which literally means ‘vault box,’ is poised to become the new standard in securing a person’s digital assets.”

The press release said the card works through several authentication factors, including a user’s biometrics, a chosen 6-digit PIN, and wiretapping of the phone to prove their identity.

The press release states that the Bitcoin 2022 Arculus Key Card will be handed out at the Miami Beach event in April 2022.



About:More than half of US consumers believe that biometric authentication methods are faster, more convenient, and more trustworthy than passwords or PINs – so why are they using less than 10%? PYMNTS, in collaboration with Mitek, surveyed more than 2,200 consumers to better define this perception and usage gap and to find out how companies can increase usage.

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