Conotoxia, a multi-currency financial services provider, announced today that its customers are now allowed to take out a multi-currency loan through Conotoxia’s platform. Users are required to launch an application and receive a positive credit decision.
According to an official announcement by the company, the application process of the newly launched service is fairly simple with minimum requirements. The loan service allows Conotoxia’s users to select the amount they require.
In 2019, the company launched a limited version of the loan service for the employees of Conotoxia Holding, but it promised that the fintech company will introduce a broader version of the loan service in the next stage.
Commenting on the recent announcement, Piotr Kicinski, Vice-President of Cinkciarz.pl, a company belonging to Conotoxia Holding, said: “Today, we keep the promise we made. Users of our portal can now apply for a loan, which is characterized by a minimum of formalities and prompt execution.”
Why Ethereum Needs Layer 2 Solutions More Than EverGo to article >>
Additionally, Conotoxia outlined the importance of receiving a positive credit decision during the application process. The company introduced new services earlier this year to take advantage of the growing market.
Finance Magnates reported about the launch of Conotoxia’s multi-currency card earlier in 2020. The company partnered with Visa to allow its users to make payments in multiple currencies. Moreover, Conotoxia expanded its trading platform offering with the introduction of MT4 this year. The company is planning to make the new service available for its multi-currency cardholders.
“Soon, holders of multi-currency payment cards (also made available on Conotoxia.com web portal) will be able to use the debit on the account, i.e. the determined debt limit, which can be conveniently used by the user when they run out of funds on the card, e.g. when shopping online, paying in stationary stores or executing money transfers”, Kicinski added.
The multi-currency lending service is provided by Currency Lending Sp. z o.o.