BlockFi seems to be getting a lot of buzz within the crypto industry at the moment. I’d like to know exactly what it is and why it’s useful?
BlockFi is now a well-established player in the crypto loans market.
The company services customers worldwide, offering crypto-backed loans to do anything from
paying off credit card debt to buying a home.
To get a loan, you either put up Bitcoin, Litecoin, or Ethereum as collateral.
The company offers up to a 50% Loan to Value (LTV) ratio on your crypto.
Businesses turn to BlockFi to help them with payroll financing and business expansion.
There are many advantages to borrowing instead of selling, including tax benefits.