Post
Topic
Board Lending
Re: Need 20,000EUR, crypto as collateral
by
NeuroticFish
on 19/06/2020, 09:27:15 UTC
20% in Euro of Crypto value.

This is not clear at all.
Math tells that this 20% is not the interest.
Then what's that? 20k EUR is 20% of your crypto holdings worth, meaning that you plan to put on escrow crypto that today worth ~100k EUR?

Also the way the fiat is transferred needs to be also cleared up, but that would be the second point. First you have to prove you have plenty of collateral.