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Cryptocurrency - backed loans
#1
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/sundayintervie...ked-loans/
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#2
I think that payday loans PA might give people bigger loans, it's cool that they help everybody and the percentage is not really high but maybe they could add some new options to their service, for example, I don't know, they could introduce any charity services or something like that, how do you think guys?
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