Leading Cryptocurrency Platform Completes Over $630M In Crypto Loans In Six Months
Celsius Network, an industry-leading cryptocurrency lending and borrowing platform founded by Alex Mashinsky, one of the inventors of VOIP (Voice Over Internet Protocol). Mashinsky is now working on what he refers to as “MOIP” (Money Over Internet Protocol) technology, which he is bringing to life through Celsius Network. Announced this month, Celsius originated over $630 million in crypto loans since its July 2018 launch. Celsius Network was founded to provide financial services to cryptocurrency holders, such as interest-earning wallets and low APR loans. Staying true to its motto “Unbank Yourself,” Celsius Network’s mission is to act consistently in the best interests of its community, which according to Mashinsky, is precisely what banks often fail to do.