Atomic Capital will launch loan portfolio in cryptocurrencies
The company based in New York will innovate in this field thanks to the fact that the backing of funds allocated in dollars will be 85% in bitcoin or ethereum
The startup that is in charge of issuing tokens Atomic Capital, announced the launch of a portfolio of loans that will be backed by cryptocurrencies.
The intention of the company is to offer financing in US dollars, whose support will be at least 86% of its value in bitcoin or ethereum in order to create a guarantee.
This is something unique since other companies of the same nature as BlockFi offer up to 50% of the backing in digital assets.
To compensate for the risk involved in loans of this type, Atomic will charge interest rates between 11 and 13%. Its closest competitors barely charge between 4.5 and 8.95%.
The firm says it will organize these loans in amounts ranging from 100,000 to 100 million dollars from April 9.
K. Tovar
Source: Coincrispy
