Brooklyn Nets’ Spencer Dinwiddie Partners with Crypto Lending Firm
Brooklyn Nets guard Spencer Dinwiddie is expanding his business portfolio.
Over the weekend, the Brooklyn Nets guard announced a partnership with Cred, a crypto lending firm. Dinwiddie has had a long withstanding interest in blockchain and the current partnership will allow fans to invest in crypto assets at a 10% interest rate.
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“I believe blockchain can radically reshape the nature of financial services for the better, and the Cred team is well-positioned to make this happen. I believe in Cred’s mission to provide more equitable and inclusive financial services to people, leveraging blockchain technology, and their team has unmatched expertise in capital markets, blockchain, and traditional financial services. This partnership comes at a critical time, where I can educate my fans on the power of cryptocurrencies and blockchain while they earn interest on their digital assets,” said Dinwiddie.
Together, Cred and Dinwiddie created a website for fans to access directly.
“In an environment like this I think everyone is looking for that extra assurance. It just highlights the value of stablecoins,” added Cred CEO Dan Schatt.
Dinwiddie has done plenty of work in the cryptocurrency space, launching his own ethereum-based investment platform back in January.