Great news about the new crypto on BE!
Today I have opened new account on the main competitors platform - Nexo. They have stated that the interest rate for the crypto backed loan is 8 %, but it is only with NEXO token. Repaying the debt with the other tokens would cost you more than 22 % annual interest rate!! What a BS, even on my credit card interest is 18 %. And having to change the fiat into crypto, and then go to the specific exchange to by NEXO, it would cost way more than 8 % repaying with NEXO.
Keeping in mind that Bankera`s loans can be repayed with BNK for only 6 % rate and with other crypto for only 7.5 % we have a huge advantage against more than 22%!!!
I really believe that loans are going to be truly successful and demanded product!
I believe also the loans will be a succes.
They are making so much updates now, the project is taking off.
And when more and more people use their cards and get more acquainted with bankera the loans will get attention and will skyrocket!