Written by Edmilson Rodrigues (CEO at Swapy Network)

Swapy Network + Havven.io

Dear Community,

We are pleased to announce our partnership with the team at Havven to integrate their stablecoin network in the Swapy Network protocol. This partnership will enable us to eliminate one of the biggest potential problems of transnational loans: the price fluctuation of their currencies.

www.havven.io

If an individual was to take a loan in a cryptocurrency to be paid back at the price of the equivalent of $100 a week, any change in the value of that cryptocurrency can make a loan payment unpayable for that individual very quickly. This volatility is one reason the first generation of cryptolenders were unsuccessful.

Stablecoins can help solve this problem. Havven, which is built on the Ethereum blockchain, leverages Ethereum’s wide adoption by creating an ERC20 standard stablecoin. And as an open source platform that believes in decentralisation, Havven is a perfect match for the Swapy community.

We believe the Havven team is extremely strong, and their approach to building a stablecoin that will solve the problem of volatility within cryptocurrency shows great innovation. The partnership between Havven and Swapy has already been beneficial and the process of integrating their stablecoin with our lending platform is a key priority.

We are excited to grow this partnership to provide universal access to credit through blockchain technology.

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