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Author Topic: Cryptocurrency - backed loans  (Read 680 times)

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Cryptocurrency - backed loans
« on: November 13, 2017, 01:34:20 PM »
Our product will initially be a 12 month term loan with interest only payments throughout the loan and a balloon of principal at the end. Payments can be made in dollars or crypto. For Bitcoin we will lend 40% of the value in USD and 35% of the value for Ether – says Zac Prince, founder at BlockFi.com in Bithub.pl’s #SundayInterview.

You offer loans in USD backed by BTC or Ether. Who are you targetting it at? Investors, companies, individuals?

Zac Prince: We will support individuals, corporations and institutional investors. Initially only US based borrowers but we hope to expand internationally in 2018. Our minimum loan size will be $10,000.

 
Full interview on [size=78%]https://bithub.pl/english/sundayinterview-cryptocurrency-backed-loans/ [nofollow][/size]
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