Chinese Exchange Yuanbao Now Lets Customers Mortgage Their Bitcoin
Chinese exchanges have discovered another model in their quest to add new platform services: fiat currency-based peer-to-peer (P2P) loans using bitcoins and other digital assets as collateral. While most such services are aimed at large bitcoin holders who wish to make use of their holding's value without actually selling, some exchanges allow mortgaging of other assets like litecoin, car registration and even telephone numbers. Unlike bitcoin-related P2P lending platforms in other countries, such as BTCJam, these Chinese services do not actually lend digital currencies. Instead, users....
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GameCredits is proud to announce the addition of their gaming cryptocurrency to Yuanbao, one of the largest cryptocurrency exchanges in China. Established in 2013, Yuanbao is one of the oldest Chinese exchanges, and now has over 200,000 registered traders on its platform. GameCredits is a three year old currency developed specifically for integration into the gaming industry. To date, it is the only cryptocurrency adopted by real world gaming developers for inclusion into popular mainstream games. Currently, these games have an audience of over 15 million registered gamers. GameCredits was....
One also has to keep in mind how the US$800 mark is quite important, even more so for the Chinese. China has always been the driving force behind the Bitcoin price. Interestingly enough, it is the Chinese exchanges pushing the price well above the all-important US$800 threshold. It is up to the rest of the markets around the world to follow this lead. Them again, it is not certain the US market will get to US$800 anytime soon, as it is a major point of resistance. Many people woke up to can exciting surprise, as Chinese Bitcoin exchanges are trading at US$800 and above. Compared to the....
Consumers will be able to leverage their BTC holdings and digital assets to purchase real estate in the U.S. Miami-based fintech startup Milo is introducing what it claims is the world’s first “crypto mortgage.” The digital bank will allow crypto investors to leverage their digital assets to purchase real estate in the U.S. At the moment, only customers wanting to use Bitcoin (BTC) as collateral qualify for Milo’s 30-year mortgage loan. Both American and International customers will be able to use the service to purchase real estate in the U.S. Milo’s website states:“Instead of selling....
More innovations keep springing up to fascinate and intrigue digital investors with increased cryptocurrency adoption. In line with that, Milo, a fintech startup based in Miami, introduced the first global crypto mortgage. Through the bank’s offer, digital investors have the opportunity of buying real estate in the U.S. by using their cryptocurrencies. The offer from Milo, a digital bank, runs as 30-year mortgage loans. These are currently accessible to customers that could place collaterals with Bitcoin. This offer is open to both Americans and other investors to acquire real estate in....
GameCredits gets bigger than ever, privacy issues surface surround Monero, and an intimate look at Europecoin. Welcome to our second altcoin report! Read on to get the latest news. GAMECREDITS. London-based cryptocurrency platform GameCredits is not even two years old, but it’s making a massive name for itself with help from China. This country now lists it on Yuanbao, one of its largest digital currency exchanges. The company has been around since 2013 and boasts over 200,000 clients. GameCredits is often touted as currency developed by gamers for gamers. Developers work to utilize the....