Post
Topic
Board Bitcoin Discussion
Re: Cryptocurrency Exchange In Japan Is Offering Bitcoin Loan
by
PsylockReborn
on 16/07/2018, 05:20:40 UTC
Japanese Cryptocurrency exchange Bitbank has made an announcement to commence BTC-USD, a Bitcoin borrowing program. The idea has been developed to engage more new customers along with enhancing additional foreign exchange.
https://www.owltmarket.com/cryptocurrency-exchange-in-japan-is-offering-bitcoin-loan/

This is one way of getting the name out of crypto to the public but there are some risks in this kind of business for btc value is very volatile. I know that people in Japan are very trustworthy so no problems with the paying time of the lenders. The only thing that is the problem is the value of bitcoin which is very unpredictable. If someone will loan 1btc for just $5k and suddenly after a month the BTC will increase its value 2 times then the one who loaned it will be paying double for a BTC loan. This is the risk when it comes to loaning BTC.