Have you ever heard of cryptocurrency lending?
The lending section of the forum is a perfect example of it. As long as you have a collateral, you have higher chance to be granted.
There are exchanges and other services too that allows this.
I've actually not heard about the cryptocurrency lending thingy. Though, I know some cryptocurrency exchange has a platform that supports lending cryptocurrency to trade and interest is paid in return. I'm just wondering the type of collateral which would be needed to lend a cryptocurrency like bitcoin. We all know that the value is volatile and could increase stupendously within few hours.
The same with the lending section we have. There are individuals that's willing to borrow the amount that you need as long as you have passed their standard and you have the means to pay the loan or if not, you have collateral.
The type of collateral can be the digital goods that's very worthy and other altcoins that can be of good amount or more than the loanable amount. That's usual, just like the typical lenders that we have in real life but if they trust you, they are willing to lend you without having a collateral.
