South Korean bank launches Bitcoin-backed business loans: Report
Summary
Jeonbuk Bank has started offering business loans secured by Bitcoin to corporate clients. According to recent reports, a third-party custodian will securely hold the digital currency used as collateral for these financial products.
Jeonbuk Bank reportedly began offering Bitcoin-backed loans to corporate customers, with a third-party custodian holding the cryptocurrency used as collateral.
Source: Read the full story at Cointelegraph.com News
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