Flac Finance Testnet

Borrow, Pay, Earn, and Swap with crypto and fiat.

Flac Finance allows digital asset owners to borrow fiat or stable coins instantly against their crypto holdings without selling them, providing efficient and cheap liquidity.

You can make your digital assets work for you by earning rewards and providing liquidity to the platform.

Flac Finance integrates with countries' financial infrastructure to provide access to a wide range of regulated financial services to the users, which includes Flac Credit Card, banking integration, and payment solutions like UPI.

SPENDING DIGITAL ASSETS

Users currently have to go through lengthy processes to sell their assets in order to obtain cash for their daily requirements. They also incur a capital gain tax on it and also lose ownership of the assets. Flac provides instant loans against digital 8 assets to be able to pay for purchases in real-time, without losing ownership of the assets. UPI payment is now the largest payment network in India. Flac integrated with UPI payment infrastructure allows users to pay to stores instantly where UPI is accepted. Flac credit cards linked with their Flac account allow payments to be made at stores with cards through instant loans against the digital assets holding. Users also continue to enjoy the gains as the crypto assets gain value over time without losing ownership of their assets.

INSTANT LOAN AGAINST DIGITAL ASSETS

Processing a loan through a traditional financial institution is expensive, involves paperwork, and is tedious and slow. Flac provides loans against their digital assets collateral in real-time with 0% fees. The loan amount can be transferred to the fiat bank account for access to physical cash or can be spent directly with Flac. Users can also borrow stable coin-based loans and use them to acquire more digital assets. As the crypto assets gain value, Flac unlocks more loan limits to the users. Repayment is processed instantly via the mobile app or web platform without any processing fees.

INTEREST ON DIGITAL ASSETS

Miners, hodlers, retail investors, and fund managers holding digital assets only enjoy higher valuations over time, now they get the opportunity to earn interest on their holdings. Users can deposit their assets to Flac and provide liquidity to the Flac ecosystem and earn interest on it regularly. This also opens the opportunity for users to borrow fiat in real time based on the value of the assets.