Best Crypto to Buy Now as Major Bank Introduces Bitcoin-Backed Loans
Xapo Bank, headquartered in Gibraltar, has recently launched Bitcoin-backed loans, allowing consumers to access USD funds without selling their assets. While this news has done little to bring more action to the Bitcoin price, the hunt to find the best crypto to buy now has started.
Xapo Bank’s Approach Could Preserve the Long Term Appreciation of Bitcoin
Xapo Bank’s approach to letting investors use Bitcoin as collateral is an attempt that could preserve the long-term appreciation of their Bitcoin investments. Per the bank, users will get low-rate short-term loans compared to credit card providers.
Commenting on this move, Seamus Rocca, CEO of Xapo Bank, said, “Many long-term Bitcoin holders have steered away from…
