Crypto lending platform INLOCK has announced it has signed a Memorandum of Understanding (MoU) with an institutional lending provider and has partnered with one of the Central and Eastern European Countries (CEE) region's biggest crypto ATM manufacturers to test its Minimum Viable Product (MVP), the company said.
The CEE region's crypto ATM manufacturer plans to integrate INLOCK's services into all of its machines, enabling users to directly take out loans and receive funding in cash within hours.
INLOCK is a blockchain and smart-contract based platform that enables cryptocurrency holders to manage short-term liquidity problems by taking a loan in fiat and using their existing cryptocurrencies as collateral.
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INLOCK has announced the addition of Bitcoin.com COO Mate Tokay as its new advisory board member, the company said.
Mate brings a wealth of experience to INLOCK and will advise on the rollout of the platform - including development of the ILK token, user acquisition and foundational practices and processes.
Cryptocurrency company INLOCK disclosed on Wednesday that Bitcoin.com COO Mate Tokay has joined its advisory board.
INLOCK added that it has received nearly USD2m in funding during its private sale, since its launch.