Category: loans

Biggest Bank in El Salvador Now Accepts Bitcoin as Payment for Financial Products

Biggest Bank in El Salvador Now Accepts Bitcoin as Payment for Financial Products

Bancoagricola, the biggest bank in El Salvador, is now accepting bitcoin to pay for debts originated from the use of its instruments, according to a PR statement. The institution partnered with Flexa, a payments network, to include cryptocurrency capabilities in its software. Bancoagricola also allows merchants using Wompi services (a digital payment processor) to receive […]

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Homeowners Offered Crypto-Backed Loans to Finance Home Improvement Projects

Homeowners Offered Crypto-Backed Loans to Finance Home Improvement Projects

As buying a home is by itself a serious investment, homeowners often lack the cash to fund further improvements to their property. While traditional bank loans are not as easily available, a new partnership now offers crypto holders to use their digital assets as collateral and instantly borrow money for a kitchen remodeling or some […]

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Venezuela’s Maduro Wants to Offer Crypto-Based Loans to Agricultural Producers

Venezuela’s Maduro Wants to Offer Crypto-Based Loans to Agricultural Producers

Nicolas Maduro, president of Venezuela, stated the country could offer cryptocurrency-based loans to the agricultural sector, in addition to the traditional loans in several fiat currencies. He also stated that Venezuela has worked with petro and other cryptocurrencies for three years, pioneering the use of this kind of asset in Latam. Government Hints at Offering […]

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Ledn, provider of Bitcoin-backed loans, raises $2.7 million in new funding

Ledn, provider of Bitcoin-backed loans, raises $2.7 million in new funding

Crypto financial services firm Ledn has raised $2.7 million in a seed extension round. The round was led by White Star’s Digital Asset Fund, with participation from Coinbase Ventures, Darrow Holdings (an affiliate of Susquehanna International Group), CMT Digital and others. With fresh capital at hand, Ledn indicated that it will expand its suite of […]

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CEX.IO LOAN Experiences Massive Institutional Demand With Over $100 Million of Loan Requests

CEX.IO LOAN Experiences Massive Institutional Demand With Over $100 Million of Loan Requests

PRESS RELEASE. Crypto-backed lending service CEX.IO LOAN that launched in October 2020 in select global jurisdictions, has been experiencing major demand, receiving over $100 million worth of loan requests to date. While the service has been widely popular among retail investors, most of the platform’s loan requests came from institutional investors. According to CEX.IO LOAN, […]

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Bitfinex now offers personal loans in bitcoin and ether

Bitfinex now offers personal loans in bitcoin and ether

Crypto exchange Bitfinex is now offering personal loans in bitcoin (BTC) and ether (ETH) via its peer-to-peer lending platform Bitfinex Borrow. Users can borrow bitcoin in exchange for three fiat currencies and one stablecoin: US dollars (USD), euro (EUR), Japanese yen (JPY), and Tether (USDT). While for ether loans, users can only use USD as […]

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