Cryptocurrency exchange GMO added four more cryptocurrencies in its credit program. Through the service Virtual Currency Rental Service (VCRS) is a marketplace for the users of cryptocurrencies at interest. The program was launched last month and originally worked only with bitcoins. Now added to the list of bitcoin cash (BCH), ether (ETH), litecoin (LTC) and ripple (XRP).
“The service allows you to take your own virtual currency in the rent that you will collect rent in accordance with the number of granted virtual currency”, — explained the company.
Interested customers must apply from 9 to 23 may. If the applicant is more than necessary, the company will use random selection to choose with whom to cooperate. At the moment the target currencies are BCH, ETH, LTC and XRP.
The exchange will be able to take users from 100 to 1000 ETH; from 50 to 500 BCH; and from 300 to 3000 LTC; and from 100 000 to 1 000 000 XRP. The term of the lease is 150 days.
The exchange will pay customers for every 2.04109589 ETH 100 ETH. 50 BCH company will pay 1,02054794 BCH. For 300 LTC clients will receive LTC 6.12328767. Finally, for 100,000 XRP interest on the payment amount to 2,041.0958 XRP. The GMO explained that the fee “is 5% per annum (including taxes)”.
The advantage of the GMO Coin that is fully licensed cryptocurrency exchange in Japan, which is approved by the FSA.