Now you can get loan on your cryptocurrency holdings like bitcoin – Economic Times

Now you can get loan on your cryptocurrency holdings like bitcoin – Economic Times

Own a bitcoin? Get a loan, if you need one, without any of the hassles that involve asking a bank. Some ‘crypto banks’ have started offering credit lines to people who have digital currencies in their investment portfolios. People owning cryptos such as bitcoin, ethereum or ripple can pledge their holdings with crypto banks to get loans up to 50-60% of the asset value. These loans come with no specific tenure and can be repaid any time.