Infinito Wallet Enables Earning Interest by HODLing with Celsius on Infinito App Square
Tags: Partnerships, Blockchain, Celsius, Dapps, Infinito

Infinito Wallet Enables Earning Interest by HODLing with Celsius on Infinito App Square Infinito Follow Feb 21, 2019 · 4 min read

In January 2019, Infinito Wallet’s long-awaited DApps browser — App Square, was officially available with support for Ethereum DApps. Aiming to further extend cryptocurrencies’ potentials, Infinito Wallet has partnered with the industry-leading cryptocurrency lending and borrowing platform Celsius to enable earning interest by HODLing for our users right inside App Square.

With this partnership, Infinito Wallet’s users are now offered Celsius’ unmatched rates of 3–7% on the most popular coins without long-term commitment required. Simply by holding on cryptocurrencies, Infinito Wallet’s users can earn, borrow and pay on the blockchain. Celsius guarantees to charge no origination or closing fees, no penalties, no early termination fees, and no default fees.

Infinito App Square, on the other hand, provides users utmost convenience as all DApps including Celsius are seamlessly connected to the Universal Wallet. Therefore, crypto holders can easily and securely make transactions using cryptocurrencies in their wallet.

Partnership with leading DApps for App Square is part of our team’s effort to develop Infinito Wallet into the universal home to not just leading coins and tokens but also for innovative blockchain apps and services.

“Infinito’s mission is to prove the power beyond cryptocurrency of blockchain to users and thus, bring mass adoption to this ground-breaking technology. Partnership between Infinito Wallet and Celsius is our very first step to foster the possibilities of cryptocurrency for users. Celsius’s innovative lending and borrowing platform is an interesting opportunity for crypto holders to earn weekly interest. Our users can now do more with their coins and tokens and fully enjoy all the benefits of blockchain” said Jack Thang Nguyen, Project Director of Infinito Wallet.

Regarding the integration of Celsius on Infinito App Square, Alex Mashinsky — CEO of Celsius Network shared: “Many crypto services lend out their clients’ funds without giving proper notification and distribute significantly lower returns on those funds. This sounds much more like a page out of Wall Street’s playbook than that of a financial system founded on the interest of the people, as the crypto community claims to be. We hope these partnerships set a new industry precedent in digital finance. High yield interest-bearing accounts should be the expectation; not the exception,”.

“This is what all banks should be providing their customers, if not more. If we band together as a community of HODLers, we can set the tone and demand higher rates. And that, in turn, will stabilize the market.” said Alex Mashinsky.

Become Infinito Wallet’s partners or get your DApp listed on App Square now!

Soon, DApps on EOS, Ontology, NEO, and more will be added to the Universal Wallet with variety of functions such as Exchange, Finance, Compliance, Games, Education, News and more. So, Infinito Wallet is looking forward to expand our partner network and DApp list for a greater future. Contact the Infinito team via [email protected].

Build your own DApp?

For DApp developers, Infinito team also provides development platform to help you develop DApps easier and faster. Infinito Blockchain Platform (IBP) has a wide variety of blockchain modules including: API/SDKs, Software-as-a-Service (SaaS), Solutions, DApp and Smart Contract templates, and more. Contact [email protected] for more information.

About Celsius Network

Celsius addresses the financial needs of today’s consumers worldwide through a democratized interest income and lending platform accessible via a mobile app. Built on the belief that financial services should only do what is in the best interests of the community, Celsius is a modern platform where membership provides access to curated financial services that are not available through traditional financial institutions. Crypto holders can earn interest by transferring their coins to their Celsius Wallet and borrow USD against their crypto collateral at interest rates as low as 5% APR.

About Infinito Wallet

Positioning as a leading universal wallet for crypto users, Infinito Wallet serves as a gateway for users to maximize usage and potentials of their cryptocurrencies. Our DApp browser, App Square, provides access to the most innovative blockchain applications for daily user needs. By selectively expanding our partner network, Infinito Wallet aims to build an ecosystem of practical blockchain services including exchanges, ID/KYC solutions, and other blockchain-related business services. At the same time, we support communities of developers and businesses with Infinito Blockchain Platform, an open blockchain infrastructure of technologies and compliant-ready services, so that they can seamlessly build, launch, and operate innovative products and services efficiently.

Infinito Wallet’s core development team of blockchain R&D experts has intensive professional experience. Currently, our organization has more than 300 members including developers, designers, business, marketing, and customer service specialists. We are promoting research on infrastructure for cryptocurrencies and development utilizing blockchain.

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