Despite the fact that it’s April 1st, we are not fooling around with that headline. Yes, it’s true. YouHodler is extremely excited to announce two new fiat currencies to the platform. Joining the U.S. dollar (USD) and the Euro (EUR) are the Swiss Franc (CHF) and the Great British Pound (GBP). This addition generates more efficiency to the platform and help users save on both deposits and withdrawals when using their local currencies.
As our communities grow worldwide, YouHodler felt it necessary to add these respected national currencies to our list of fiat wallets. Previously, users would have to convert those currencies to EUR or USD in order to operate inside the platform. Now, they are free to deposit directly with their favorite bank. Already, the loan process on YouHodler takes minutes but now with this additional step eliminated, users with CHF or GBP fiat currency will experience a much more efficient process for all YouHodler features like:
Additionally, YouHodler will soon roll out PAX Gold (PAXG) as an available collateral option meaning users can soon convert CHF and GBP to USD and trade USD against gold.
We’d like to thank all our U.K. and Swiss users for their patience while we implemented these new wallets and we hope you enjoy YouHodler will your new local currencies. As for the rest of you, more fiat currencies are coming later so stay tuned!