Celsius Network is a cryptocurrency fee-less lending platform where users can gain interest on their crypto holdings and acquire immediate loans based upon their relevant holdings. Additionally, Celcius network also look to address multiple problems within the banking and loans sector through the use of blockchain technology.
In their own words, Banking services are needed while banks are not. A primary example is the issuance of loans which are heavily regulated in the traditional financial world and due to this regulation, waiting times to find out if you qualify for a loan are very long and with many people beeing refused loans due to an antiquated credit rating system.
With Celsius crypto, you can acquire a loan instantly based upon your crypto holdings.