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Zcoins collateral for loans now available with Constant

By Inkarias - 2019-11-29

Zcoin is the first coin to develop and implement the Sigma privacy protocol, which uses a burn-and-redeem mechanism to destroy coins and later redeem them as-new to eliminate their connection to previous transactions offering a complete privacy. Today, Zcoin brings a new opportunity with Constant.

Constant is an alternative financial services platform designed erase the inefficiencies of the traditional banking industry and help people get more out of their money and with their money. Constant was founded by a team of scientists, economists, engineers, and designers, fully devoted to the mission of building simple, elegant financial tools for an increasingly interconnected world. From today, Zcoin currency can be used as collateral to get cash loans via the Constant P2P lending platform, offering a real use case to increase the general adoption of XZC. Constant has been growing very rapidly especially in the Southeast Asian region with over 3,000,000 dollars total in loans to date since their launch this year and is a strong actor in that field.

How to get a loan with Zcoin

On the Constant site, borrowers select their desired collateral type, interest rate, and term. They are quickly matched with a lender on the platform who will issue a loan after XZC is sent to a collateral escrow account. Borrowers then select where they want their loan sent and can withdraw in USD or any of Constant’s supported stable coins. Upon payment of the loan plus interest, the original XZC is sent back to their account. By leveraging XZC on Constant, holders gain more personal freedom in what they can do with their Zcoin. They are also helping to expand a platform giving the world more options for lending online in an easy and secure way.

More information about the loans at https://www.myconstant.com/