Cryptocurrency Exchange In Japan Is Offering Bitcoin Loan

[kastara]

japan is very receptive to the presence of this technology is so good that the Banks have an idea to provide BTC - USD loan is really amazing.

[PinkCities58]

What a news this is   Its a very promising sign.

[GoodLife68]

Japan has made a strong regulation to btc. Only few legal btc owner will have the facility.

[LocalZone09]

This is good news for crypto currency.This will certainly make more people to inform about btc. It will also help to rise btc market.

[RockLand97]

Btc loan seems very similar with a normal bank loan.Good idea and I like the program because it will gather many people so they can try to join the bitcoin.

[Ghypatt]

It is a great initiative. It is always good to be the first to begin. Maybe, if this turns out to be a successful one, it will enhance most traditional banks to adopt Btc as well. But I think they need to implement more feasible policies to handle the volatility in btc prices and with that, they are good to go.

[Kertmu]

Japanese Cryptocurrency exchange Bitbank has made an announcement to commence BTC-USD, a Bitcoin borrowing program. The idea has been developed to engage more new customers along with enhancing additional foreign exchange.
https://www.owltmarket.com/cryptocurrency-exchange-in-japan-is-offering-bitcoin-loan/

Crediting in Bitcoin can become a pyramid, in case of its rise in price, therefore they give out 1 Bitcoin.

[rajkr]

It will encourage other person for investing in BTC .It is just like other scheme of banking sector (PPF,stocks).Japan has already open its way for crypto currency earlier by making legal.

[Thanasis]

It loos like the exchanges are trying to become the crypto banks I think.Offering the loan is good thing but I don't know how it become in the future.Anyway it is only for Japan citizen I think so it may not bring any big changes.

[RoyEvan]

Not only because of the project being implemented by Bitbank, but also thinking that they are very smart and witty about this, Bitcoin borrows very nicely, there are a lot of theories about it and now they are making it happen. Out, BTC-USD is a big form of lending, hope this comes out good. If Bitcoin drops, it would be great for borrowers, and if it goes up, I believe banks will make a substantial profit. This is a welcome development to promote the use of Bitcoin, I just hope it will not be limited to Japan alone.

[vfrcbv911]

It's a great idea! I think that this will have a positive impact on the entire cryptocurrency industry.

[OddEvenBets.com]

This good new for our community.
How think this is for Japanese people?
Will be good realize it in each country too.

[Legendari]

I think that's a good sign. Trust in bitcoin is growing, even banks began to use it in their activities, which means bitcoin is developing and it has a great future.

[kidsrock]

It's a great idea! I think that this will have a positive impact on the entire cryptocurrency industry.

Although this is a great idea, you need to think how you can repay your loan especially if you are hard to make a profit from the crypto. We need to think about this because they will do many ways to make sure that we can pay them and I think you don't want to get into trouble because of that loan, right? So it is better to think twice before you want to use the loan so you can have another balance for anything you want. Make sure that you have a way to pay back the money at the end of the time.

[Helex]

Japan is best country in the world, other countries should also follow the suite.

[r32godzilla]

Japanese Cryptocurrency exchange Bitbank has made an announcement to commence BTC-USD, a Bitcoin borrowing program. The idea has been developed to engage more new customers along with enhancing additional foreign exchange.
https://www.owltmarket.com/cryptocurrency-exchange-in-japan-is-offering-bitcoin-loan/

Already banks have started suffering by losing their revenue from transactions due to bitcoin.And now,bitcoin exchange has started to give loans in bitcoin and this is really a terrible issue for banks who already struggle to survive.

[WhiteGAN]

When loans are offered in the form of many unknown people about the bitcoin will come to know about it. This is a good news for this electronic money will definitely make more people to know about bitcoin and this will definitely help bitcoin prices. News is a very promising sign of it.

[ecnalubma]

Japanese Cryptocurrency exchange Bitbank has made an announcement to commence BTC-USD, a Bitcoin borrowing program. The idea has been developed to engage more new customers along with enhancing additional foreign exchange.
https://www.owltmarket.com/cryptocurrency-exchange-in-japan-is-offering-bitcoin-loan/

Japan is the country of innovation, and this move is good. I love the way how they adopt and embrace crypto, the future of crypto in Japan is so bright unlike any countries no wonder they will become one of the leading countries in blockchain technology race.

[Radio-Active]

Japanese Cryptocurrency exchange Bitbank has made an announcement to commence BTC-USD, a Bitcoin borrowing program. The idea has been developed to engage more new customers along with enhancing additional foreign exchange.
https://www.owltmarket.com/cryptocurrency-exchange-in-japan-is-offering-bitcoin-loan/

I think offering loan is a good method to create public awareness to peoples in the world because there are always peoples who need the money from loan. If cryptocurrency can functioning like fiat bank, then crypto will be a good alternate currency for peoples in the future.

[EmmaBen]

It is a welcome development, but the conditions to loan seem too stringent and can become a bottleneck to those interested in borrowing. Although, I understand this may be checks put in place to protect lenders' money.