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APX teams up with Netcoins to offer crypto-backed loans

APX teams up with Netcoins to offer crypto-backed loans

Netcoins is the first Canadian platform using APX’s lending-as-a-service infrastructure.

Toronto’s APX Lending has teamed up with one of its investors, Netcoins, to help the Vancouver-based company’s customers access cryptocurrency-backed loans.

The news: APX, which got its start providing crypto-backed loans directly to consumers and businesses last year, has developed a software platform designed to help partner companies launch embedded credit products that use Bitcoin and Ether as collateral under their own brand. Netcoins, which is owned by TSX Venture Exchange-listed Bigg Digital Assets, is a crypto exchange that serves Canada and the United States. Canadian Netcoins users can now…

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