Decoding Cryptocurrency Loans
By Anthony Diosdi Cryptocurrency investors are turning to lending primarily for liquidity reasons- by putting up cryptocurrency as collateral, they can continue to invest in the digital currency market while obtaining access to cash. There are two main types of cryptocurrency as collateral, they can continue to invest in the digital currency market while obtaining access to cash. This article will take a closer look at cryptocurrency loans. There are two main types of cryptocurrency loans that are discussed below.What is Cryptocurrency?Cryptocurrency has grown in popularity and ubiquity in the past few years. Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. Cryptography allows digital currency transactions to be pseudonymous and secure with no bank or other intermediary requirement. Although some major retailers accept cryptocurrencies…