ProtonUK Newsletter #7

2 years ago   •   2 min read

By ProtonUK

Hello Protonians,

Merry Christmas everyone!

Welcome to the last newsletter (#7) for this year, on the very last day of 2021. This issue will be a short one, focusing mostly on Proton Loan. There isn't much happening these days with the majority of people off during the Christmas holidays, including the Metal team.

I think it's safe to say we will be not be getting Proton Loan or fiat integration this year but that's fine. The team released the whole Proton Loan documentation yesterday which is a great sign, it's in a GitBook format, instead of the traditional whitepaper format. You can read it here:

What is Proton Loan? - Proton Loan

Also, Syed shared that platform is ready but waiting on legal and regulatory compliance:

Syed | Metal Pay in Proton Loan - LOAN
As I said in the other chat: The platform itself is ready, the holdup is ensuring legal/regulatory compliance through KYC and identity processes

We also know that Proton Loan testing moved to mainnet now:

Marlon in Proton Chain - XPR
We’ve started with testing the Loan platform on mainnet today!

and it looks awesome:

Now, the best part is that with the release of Proton Loan, hopefully as early as January 2022, we will get KYC and fiat integration. What better start of the year than that! Looking back at 2021 and what the Proton team delivered I can't be more excited for what's coming next.

Thank you all for the support. Thank you for voting for ProtonUK and reading this newsletter!

Happy New Year and see you all in 2022!

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