With the rise of cryptocurrency, many people have staked out their position to belonging to one of two camps: virtual currencies or fiat. However, a bridge between these camps is emerging as ETHLend is adding crypto-to-fiat to their loan options. On Friday, popular cryptocurrency lending platform, ETHLend, announced plans to introduce fiat financing to their lending system. This announcement came after copious amounts of requests from the ETHLend community for the addition of this branch
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Even established payment processors are looking beyond the world of traditional finance as part of their future business model. WorldPay, one of the leading European payment processors in existence today, has entered the alternative finance market by partnering with cash advance provider Liberis. Also read: Interview: Bitcoin Gambling Guide, Review Website for Gambling WorldPay Ventures Into Alternative Finance World As part of the agreement with Liberis, WorldPay can offer Britain’s small[er] businesses a new payment
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Brilliant minds around the worth are continually exploring the options and possibilities associated with Bitcoin technology. One of the things where Bitcoin could play a major role is in the world of finance, as digital currency works the same way around the world, regardless of any country borders. Could micro-financing become a future use case for Bitcoin? Let’s find out. Also read: Kraken Introduces Margin Trading Bitcoin Is Suitable for Peer-to-peer Lending It is not
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LoanCoin is set to be polymorphic digital token. It will serve as an in-network currency that will be used to pay transaction fees to loan officers and as a surety bond to ensure loan officer honesty. From the coinholders perspective, it will be an asset-backed, income-producing store of value similar to a high yielding savings account.