Piixpay Partners With SmartCredit.io

Published in

SmartCredit.io & ChainAware.ai

2 min readNov 10, 2020

Piixpay is a non-custodial crypto payment engine, which offers crypto to fiat payments.

SmartCredit.io offers a DeFi lending platform with a low collateral ratio for borrowers and personal fixed-income funds for lenders. Additionally, SmartCredit.io is offering borrower and lender User Interface Widgets for integrations with other platforms.

We are very proud to announce a partnership between Piixpay and SmartCredit.io. We will do the following integrations:

Piixpay will integrate SmartCredit.io borrowing and lending widgets into Piixpay platform. Piixpay users will be able to give and take credit from Piixpay application
SmartCredit.io will integrate the fiat on-ramping/off-ramping via the Piixpay integration

Why is this important for SmartCredit.io?

It’s about client acquisition. Most platforms try to attract end-users directly to their platforms. SmartCredit.io is doing the same, but this standard way of getting users to the platform takes a lot of time.

Therefore, the SmartCredit.io approach is to work with partners, which integrate the Credit As A Service API or the borrowing/lending widgets into their platforms. That’s just a faster way to grow.

Additionally, SmartCredit.io will integrate Piixpay fiat on-ramping/off-ramping solution. SmartCredit.io users can move from fiat into crypto and from crypto into fiat currency via Piixpay. There are many potential users out there, who would like to join Defi, but this is challenging. First, the user will need an account at a central exchange. Then, the user has to transfer fiat into the exchange and then convert it. This process takes time. Having direct on-ramping/off-ramping is all about a better user experience.

Why is this important for Piixpay?

Let’s think of the commercial banks — they try to offer an extensive set of services to the end-users. Why? Because by having access to more services, they can offer a much better customer experience. It’s an excellent way to create loyal customers.

That’s the model behind Piixpay — to extend from being “just a payment company” into the “crypto services provider” and offer additional services to the users. Piixpay users will be able not only to make the payments but as well they can exchange cryptos, give loans, and get loans.

SmartCredit.io Partnership model

SmartCredit.io will share the loan origination fees with the integration partners. Additionally, the integration partners will earn the reward tokens for the borrowers and lender loan volume.

Timeline

The integration target is December.

Additional Info

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