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@ TheBitcoinManual
2025-03-26 10:59:54
#Xapo is now offering 20% and 40% LTV loans against your #Bitcoin at a 10.26% APY with repayment schedules of 30, 90, 180 or 365 days.
So you're telling me I must take custodial risk, and pay 10% for exposure to fiat? Who is taking this deal on?
I can literally go to my bank right now and get an unsecured loan for 20% value of Bitcoins current price at a lower rate lol
https://www.coindesk.com/business/2025/03/18/crypto-wealth-manager-xapo-bank-introduces-bitcoin-backed-loans-up-to-usd1m