Crypto Loans
OVERVIEW
The Crypto Loans service is an option to take a loan and use dagcoins as collateral. The loans will be given out on reasonable interest rates and terms. As there is a sufficient collateral, there is no need for guarantors or extra background checks. In case the loan can not be paid pack, merchants can purchase the collateral dags back for a discount price.
IMPACT
Crypto Loans is a suitable solution for those who need to take a loan to cover different expenses but are not granted a loan elsewhere as they lack a collateral. These people can now use their dagcoins as collateral.
CURRENT STATUS
Currently, the Crypto Loans service is in the development phase. Stay tuned!
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