The startup Culte, a company focused on family farming, made an announcement in which it emphasized the start of granting loans that have Bitcoin as collateral. In this sense, according to the company's founder, Bianca Ticiana, the loan market has grown dramatically, even more so for those backed by Bitcoin. This type of business has grown rapidly in recent years in several European countries, and also in the United States.
Read too: Binance distributes bitcoins through online gambling; know how it works
see more
Alert: THIS poisonous plant landed a young man in the hospital
Google develops AI tool to help journalists in…
According to the executive, this is a practical way of not losing your investments and still having access to the reais you needs to meet short and medium term needs, such as new acquisitions, investments, debt settlement, among others. others.
That is, the idea of offering credit with Bitcoin as collateral came about due to the fact that many Culte customers have cryptocurrencies, however, they want to preserve them even in the face of the most demanding demands. urgent. In fact, in the last 6 months, the startup managed to raise 15 million reais in loan applications, and 70% of farmers never had access to this type of credit.
Still in agreement with the executive, this “could be a way to serve both farmers who have part of their assets in cryptocurrencies and the community of cryptoinvestors”.
Thus, the founder of Culte details that the Bitcoin given in guarantee is under BitGo's custody until the loan is paid. In this way, cryptocurrencies are extremely safe while their owners pay off their debts.
Geographer and pseudo writer (or otherwise), I'm 23 years old, from Rio Grande do Sul, lover of the seventh art and everything that involves communication.