[PRESS RELEASE – San Francisco, California, 5th October 2021]
Public Mint, a native Ethereum-compatible blockchain provider and payments infrastructure that aims to bridge the gap between crypto and cryptocurrencies, has partnered with Celsius, the leading platform for lending and earning returns on cryptocurrency. The collaboration will include deep integration between Celsius and the Public Mint EARN platform, an integrated fintech solution designed to bring high-level crypto profits to the masses.
Public Mint is designed to bridge the gap between traditional and crypto economies and bring the benefits of blockchain to the world of fiat currencies. EARN is the first application to run on the network. It brings together lucrative revenue opportunities backed by decentralized finance (DeFi) and reputable CeFi providers, among which Celsius is a pioneer and one of the global leaders. The solution then wraps the complex landscape of multiple protocols into one familiar platform that offers the highest returns for users who may not be familiar with coding.
The Core to the EARN is USD+, a liquid, dividend-bearing synthetic currency that can be exchanged for US dollars, held for yield, and freely transacted via the public mint blockchain. The tool is accessible to both US dollar and Ethereum fiat users through the Public Mint bridge via USDC, the leading regulated stablecoin. The partnership with Celsius is the key step to the successful implementation of the Earn platform, allowing Public Mint to make its promise of simple, secure returns a reality.
“We are honored to be working with Celsius to bring untapped crypto revenue to the masses,” said Jorge Pereira, co-founder and chief technology officer at Public Mint. “In our presentations, we chose Celsius as an example of a major lending partner for EARN, because we have always believed that Celsius is the most well-known and successful crypto lending provider. Turning this example into a real partnership makes me very excited about the future of Public Mint.”
Celsius is a leading crypto lending company, and one of the first to truly push for the democratization of this new financial system. Over the years, they’ve proven resiliency and built a solid reputation for fairness and openness – not to mention some of the best returns in the CeFi space. This partnership advances our shared vision for a more transparent, accessible and transparent economy – one that benefits all.
“We are excited to partner with Public Mint to advance the promise of blockchain-based finance,” said Camilla Churchill, Head of Business Development at Celsius. “The legacy financial system is a relic of a bygone era, and rebuilding it on the blockchain infrastructure is the mission of both companies.”
EARN’s solution will be integrated into the Public Mint app, currently available on the web and soon on Android and iOS. For Public Mint users, EARN will look just like any other traditional fintech app, as it doesn’t offer industry-specific terms. In the background, Public Mint runs entirely on the blockchain and uses technology to offer seamless and instant payments, as well as incredibly lucrative revenue opportunities.
About General Mint
Public Mint is an open and complete blockchain platform for fiat money, where funds are fully guaranteed and held on deposit with FDIC regulated and insured institutions. Public Mint offers open, native blockchain and APIs ready for anyone to build applications based on securities and accept credit cards, ACH, wire transfers, stablecoins and more. Furthermore, the Public Mint EARN platform provides users with automated and diversified returns on US dollar assets, while leveraging the power of blockchain and DeFi.
about Celsius
Celsius is helping hundreds of thousands of consumers around the world find their way to financial independence with our low-cost compound return service and instant loans that can be accessed via our web and mobile app. Based on the belief that financial services should only do what is in the best interest of customers and society, Celsius is a blockchain-based fee-free platform where membership provides access to curated financial services that are not available through traditional financial institutions.
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