Ms. Warangkana Akrasataporn, President XSpring Capital Plc. (XSpring) revealed that 2022 will be a challenging year for the digital asset business. From the situation of the price of digital assets that has a tendency to decline Under the operation of X Spring Alliances Company Limited, the company saw the opportunity to expand the business to increase revenue channels. Create a phenomenon that will change the credit business world. By preparing to release cash loans that support all types of assets as collateral. so that the general public can increase liquidity and money in daily life easier
Therefore, the company has launched a service to turn digital assets into a ready-to-use cash line, together with Krungthai Card Plc., issuing a cash card. “KTC-XSpring” (KTC – XSPRING) using digital assets as collateral To help increase liquidity for investors in the digital asset market which will be officially launched at the end of August 2022
The company aims for the “KTC-XSpring” cash card to provide loans of 5 – 7 billion baht within 3 years, and expects to be able to expand its customer base by 5 – 10% from all traded in the asset market. Digital Thai and is confident that it will generate income for X Spring Alliance Co., Ltd. and plans to accept crypto coins Popular currencies and tokens are used as collateral. and plans to release other types of loans in the future will increase as well
Ms. Warangkana said that this handshake with KTC This will create a new phenomenon in the Thai financial industry and revolutionize the credit industry. Because it is the turn of digital assets into a ready-to-use cash line, where XSpring is the first and only one in Thailand that can provide this service. which sees KTC as a strong ally XSpring is an expert in retail lending, while XSpring specializes in digital asset business. In addition, the overall picture of the digital asset market is in a volatile condition. The retail loan market continues to grow well. Therefore, we are confident that this synergies It will definitely make the stepping into the lending business together successful.
on the sideMs. Phichamon Jittam, Assistant Chief Executive Officer – Personal Loan Business Krungthai Card Public Company Limited (KTC) said This collaboration with XSpring marks a new dimension in the digital finance-finance industry. This will be an opportunity for KTC to reach the target group of the new generation. especially people with digital lifestyles by introducing the “KTC-XSpring” cash card, which is a flexible, ready-to-use credit line. Able to withdraw and repay as desired to enhance financial liquidity Help members to live life to the full without interruption. with a modern vertical design cash card for the digital era with all the functionality that comes with both swipe-transfer-press and superior with the strengths of MasterCard Which has a large network of stores spread over 80 million stores worldwide, enabling members to use the “KTC-XSpring” cash card more conveniently.
and to meet consumer behavior in the digital era who want convenience, safety, contactless, card members can shop online at any store, anywhere, anytime, including being able to transfer money in real time via the application “KTC Mobile” to bank accounts up to 15 banks and withdraw cash from ATMs are available 24 hours a day, free of charge. KTC expects that this cooperation will increase the number of new credit members. and create a growth in the retail loan portfolio, including a higher personal loan market share.
