Loans are certain amounts of money given by an individual, organization or government to the another entity. The recipient is usually obliged to return the loan with additional interest. Loans are one of the driving forces of current economies and a crucial part of the financial sector. Loans can take various forms and may include loans in goods, fiat money loans, cryptocurrency loans, etc. The practice of crypto loans is new and has its flaws, mostly connected to the high volatility and technical difficulties inherent to cryptocurrency. However, Bitcoin (BTC) loans are already available in several BTC loan sites, some of which provide a rather quick Bitcoin loans procedure. Cryptocurrency loans may become the new standard for receiving loans — due to the high speed of transaction, the trusted distributed ledger and inclusion of information technologies.
The Bitcoin mining giant has entered into another BTC-backed loan agreement with Galaxy Digital as it pursues further operational expansions.
Argo Blockchain secures $25M Bitcoin-backed loan from Galaxy Digital
Speaking during a conference call about the firm’s Q2 results, United Wholesale Mortgage CEO Mat Ishbia outlined plans to accept crypto payments this year.
Second largest US mortgage lender will accept crypto payments this year
Controversial crypto influencer Alex Saunders is making headlines again, with followers claiming he raised $57,000 in NFTs from them to launch a virtual communi...
Alex Saunders again under fire after virtual HQ in Decentraland fails to launch
Square will acquire Australian fintech firm Afterpay in a $29-billion stock deal, expecting to close the transaction in Q1 2022.
Square to acquire Australian fintech Afterpay in $29B deal
This DeFi platform is planning to accept NFTs as collateral — allowing borrowers to unlock liquidity from their crypto collectibles.
This DeFi platform allows NFTs to be used as collateral for loans
The U.K.-based mining firm's announcement comes amid the country's Financial Conduct Authority cracking down on crypto exchanges.
Argo Blockchain receives $20M Bitcoin-backed loan from Galaxy Digital for Texas mining facility
Passive hodlers can miss out on big opportunities to make their crypto work for them. This platform wants to change that.
This crypto company is on a mission to stop passive hodling