Cryptocurrency-backed loans

[Bithub]

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 https://bithub.pl/english/sundayintervi ... ked-loans/