Buy Now, Pay Later

Credible offers crypto-backed BNPL services, allowing users to make purchases with stablecoins, pay in installments, and settle in fiat via licensed fintech partners.

Credible offers Buy Now, Pay Later (BNPL) services that empower individuals to make purchases without needing to pay upfront. With crypto-backed credit lines, users can access funds in stablecoins (such as USDC or DAI), which are pegged to the value of fiat currencies like USD or EUR. This model allows consumers to buy goods or services immediately and pay in flexible installments over time.

How It Works:

• Collateralization: Users provide collateral in the form of crypto assets or tokenized real-world assets (RWAs), such as real estate, precious metals, or other high-value assets. The value of the collateral secures the credit line and ensures that the credit risk is minimized.

• Access to Credit: Once the collateral is provided, users are granted access to a stablecoin credit line that can be used for BNPL purchases.

• Payment Process: The BNPL transaction is funded using stablecoins, which ensures a stable, predictable value for the credit extended. Consumers can then use these stablecoins to make purchases or pay for services.

• Settlement in Fiat: Although the credit line is issued in stablecoins, the final settlement and repayment are made in fiat currencies through Credible’s network of licensed fintech partners, ensuring compliance with local regulations and facilitating seamless transactions.

Benefits:

• Flexible Payment Terms: Consumers can enjoy the flexibility of paying in installments, making large purchases more affordable and accessible.

• Stablecoin Efficiency: Using stablecoins for transactions ensures minimal exposure to cryptocurrency volatility, while providing access to crypto-backed credit.

• Easy Fiat Conversion: The partnership with licensed fintechs ensures that consumers can easily convert stablecoins into fiat currencies for real-world use.