Xapo Bank enters bitcoin-backed lending market with access to USD loans of up to $1 million 💰
Xapo Bank has made a strategic move into the bitcoin-backed lending market by offering USD loans of up to $1 million. This initiative is targeted at revitalizing a sector that suffered a significant blow after the collapse of centralized lenders like Celsius and BlockFi in 2022.
By integrating bitcoin-backed loans, Xapo Bank aims to attract individuals seeking alternatives in the financial landscape. This move indicates a growing interest in combining traditional banking with cryptocurrency-based solutions, providing enhanced financial options for customers.
Source: www.theblockcrypto.com ↗
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