Is it possible to use bitcoin as a medium for collateral?

[Dreamace7]

Yes it is obviously possible to use bitcoin as a medium of collateral but I must suggest there should be a need to employ the services of a very trusted escrow

[sclmte]

bitcoin is available as collateral, ofcourse also because each of us has his own opinion and for me why not, if the price of a bitcoin is stable and besides many people who do not believe and know about a bitcoin, except for those who know it. in those circumstances for me I would accept that if a bitcoin is just comfortable and I can use it in any way so I can try bitcoin not only available in one exchange but also be used as a collateral way.

[maxreish]

Perhaps, it will certainly be possible. If the borrower and the lender agreed upon each other. But if i were the lender and bitcoin's situation right now is not good, then I think I will give think twice before accepting it as a collateral.

[Carrelmae10]

..I think it is probably possible when the right time comes..if it will be implemented now, i think this would become very tricky to the two parties because the volatility of Bitcoin value is inevitable..if Bitcoin will going to have a stable price, then there were no problem arise..Bitcoin is purely investment,if it is used as collateral,,then there were thorough discussions between the lender and and the borrower.

[Dudeperfect]

Yes, we can certainly use Bitcoin as a medium for collateral but I don't think that we have a better solution to do it in an automated way. As of now, we can execute it manually if we are expecting effective execution of the entire transaction. I don't have much trust in the stable coins because the value of a good coin should be determined based on the law of demand and supply.

[Akagum]

I think it's very possible now to use bitcoin as a collateral for obtaining credit facilities.
Although I can't say of any bank accepting it as a collateral but I know of many cryptocurrency platforms that do accept bitcoin as collateral for fist loan.
Hopefully, banks will follow suit in the nearest future.

[shesheboy]

I think it's very possible now to use bitcoin as a collateral for obtaining credit facilities.
Although I can't say of any bank accepting it as a collateral but I know of many cryptocurrency platforms that do accept bitcoin as collateral for fist loan.
Hopefully, banks will follow suit in the nearest future.

other banks nowadays are now teamed up with crypto  therfor its safe to say that these kind of banks are also accepting bitcoin as colateral . bitcoin is a currency a legal currency that has a big value  , so how can they manage to ignore it ?  they dont think that bitcoin is a scam but they think that bitcoin is rival to their business .

[AjithBtc]

Lending services were available around the forum, but those were in exchange of bitcoin submitting collateral. Bitcoin too will be considered as a collateral, but people who has got some amount in bitcoin to give as collateral will never go get from lending services as they itself have funds.

[norachuks]

I think, it is possible but i may not do that because it not a fix price. What if the price appreciate or what if it depreciate. All this should be considered .

[smyslov]

If someone will offer me this I'll definitely be going to accept it, bitcoin will always go up and this is for me the best collateral much better than gold or gadgets I hope there will be an application like this, where people can make a loan and use Bitcoin as collateral.

[matchi2011]

I think it's very possible now to use bitcoin as a collateral for obtaining credit facilities.
Although I can't say of any bank accepting it as a collateral but I know of many cryptocurrency platforms that do accept bitcoin as collateral for fist loan.
Hopefully, banks will follow suit in the nearest future.

other banks nowadays are now teamed up with crypto  therfor its safe to say that these kind of banks are also accepting bitcoin as colateral . bitcoin is a currency a legal currency that has a big value  , so how can they manage to ignore it ?  they dont think that bitcoin is a scam but they think that bitcoin is rival to their business .

They already have the knowledge nowadays, so its very possible to use it as collateral, we just have to wait for some more time as adoptions
will take place after more new investors showing up, bitcoin already have its own identity and the value already gained attentions around the
world, so for sure it will be a good collateral.

[dat.ho12492]

If someone will offer me this I'll definitely be going to accept it, bitcoin will always go up and this is for me the best collateral much better than gold or gadgets I hope there will be an application like this, where people can make a loan and use Bitcoin as collateral.

I think no one use Bitcoin to collateral because this seems to be quite risky because bitcoin is an asset that can increase prices very quickly and strongly, and with our greed and understanding, I don't think we will return the bitcoin that others use to collateral, especially when the price of bitcoin increases, everyone will definitely sell all collateral and become a scammer. Even if they don't have scams, everything is still inconvenient, so if this service appears, I don't want to use it either.

[eaLiTy]

Yes bitcoins can be used as a collateral and there are more possibilities for the price of bitcoins to increase 2000% more than the current value before the next halving which will be by 2020 causing for the rise in the price of bitcoins in the cryptocurrency world. May be in the future the bitcoins will be accepted as a means of collateral like gold when banks accept bitcoins.