BlockFi has announced that the customers can lend and borrow funds by placing cryptocurrencies as collateral. The New York-based startup will be issuing crypto backed loans in the interest of 12%, 35% loan to value. The longest term is drafted for 12 months. The company is aiming to raise its capital during the second quarter to issue loans to customers.
BlockFi issues Loans accepting Cryptos as Collateral
IncryptsApr 07, 2018
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