Thoughts on Crypto-backed loans?

[Loanz]

BTC Hey guys, As a Cryptocurrency holder have you ever heard of where you can hold on to your cryptocurrency, and at the same time have access to cash?  Please comment your thoughts.  Thanks!

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[Ch01ce0N3]

In the personal account of each. It really can. For money yes, the money becomes flat, then save in the bank.

[sud]

There are few projects offering crypto loans like SALT or ETHLend (they only offer crypto loans atm), but I have not used them yet. I'm more bullish on NEXO, which I invested in recently, cause they are planning to issue credit cards in a month or so. You can get instant crypto-backed (only bitcoin for start, soon NEXO token) loan on their platform and can spend it using plastic in any shop, so it's a perfect solution. In addition NEXO token is a security and you get dividends just by holding it.

[Jaina]

I think this is not feasible. You must solve it. mortgage. If I give you a coin and you deceive me? If I don't give you a coin. If I don't pay back, what should you do?

[vladaziya4]

It is necessary to consult with people who have read decent books and who have achieved results. There are many good, interesting books that are worth reading.

[Corelianer]

cryptocurrency can protect your credit money, but then you need a rating system. if you work it out then Yes, it is possible to do