But if that's the case is the user must need to deposit their bitcoins into the bank cryptocurrency wallet as part of the collateral there is a lock in period after the maturity date of the loan. For me its good initiate for people who have bitcoin and wanted to loan a bank like they have the capability but i can see here is the cons, why? because you took a loan, and they take your bitcoin sad here is there is a lock in period, if the market crashes its lower the value of your bitcoin and you can't do anything about it. You can't sell; you can't cut loss. I dont trust banks into crypto nowadays (or because just had a bad experience)
The cons are always higher than its claimed advantages. If you are blindly taking a loan while confidently giving your bitcoin as a collateral, you will only regret it for sure wishing you have not accepted the offer. Because even if you completely paid your loan, the mere fact that they already know your privacy details and the amount of your bitcoin, most likely you will be the future target of scamming or hacking. Go for another collateral instead, as long as its not bitcoin.
