BlockFi provides USD loans collateralized by the crypto assets. Exactly what does which means that? Well, you are given by us USD and you also give us Bitcoin (BTC), Ether (ETH), or Litecoin (LTC) as protection for repayment. It is really that simple. Consumers can put on for a financial loan in under 2 moments and start to become funded in USD, GUSD, or USDC straight into their bank reports or wallets in as few 90 moments. Cool, right?
Why Remove a Cryptocurrency Backed Loan?
Many crypto owners have view that is long-term of opportunities. While they want to hold their crypto assets, often circumstances force investors to market their crypto for USD. As opposed to offering, investors may use their cryptocurrencies as security towards a cryptocurrency backed loan.