mbarulli on Nostr: It makes absolute sense. The market for Bitcoin-backed loans is growing and more ...
It makes absolute sense.
The market for Bitcoin-backed loans is growing and more players are entering this space: from new startups to established banks.
This will bring down the annual interest rates (currently in the 7%-12% range) to the level you are predicting.
It may take some time, but we will get there. It's inevitable unless we reach Bitcoin mass adoption earlier. 😉
Disclosure: I work for Firefish.io, a non-custodial, p2p, platform for Bitcoin-backed loans.
The market for Bitcoin-backed loans is growing and more players are entering this space: from new startups to established banks.
This will bring down the annual interest rates (currently in the 7%-12% range) to the level you are predicting.
It may take some time, but we will get there. It's inevitable unless we reach Bitcoin mass adoption earlier. 😉
Disclosure: I work for Firefish.io, a non-custodial, p2p, platform for Bitcoin-backed loans.