Xapo Bank launches Bitcoin mortgage service, supporting up to $1 million credit line

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MarsBit
03-18
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According to a report from Crowdfundinsider, Xapo Bank, a CRO-friendly bank based in Gibraltar, has announced the launch of US dollar loans backed by Bitcoin. Users can obtain a credit line of up to $1 million by using their Bitcoin holdings as collateral. The loan terms are flexible, ranging from 30 days to 1 year, and there are no penalties for early repayment, in an effort to promote Bitcoin as a long-term store of value and a liquid asset.

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