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The team behind Bankera, which is building the bank for the blockchain era, has announced the release of its very own lending solution – Bankera Loans. The solution aims to provide flexible and secure crypto-backed loans to cryptocurrency holders globally starting from as low as 100 EUR up to as high as 1M EUR.
Bankera Loans acts as an alternative medium for crypto owners who need quick access to financing, but do not want to liquidate their positions. The solution offers clients a possibility to take out loans by pledging cryptocurrencies as collateral and retaining the ownership of their assets.
Crypto-backed loans for individuals and businesses
While the concept of crypto-backed loans is not entirely new as the surge of cryptocurrencies in 2017 precipitated a rise in crypto-based lending platforms, current solutions tend to overlook clients looking for smaller loans.
Bankera Loans aims to democratize access to core banking services for all cryptocurrency market participants by providing flexible loan solutions suited to both individuals and businesses.
“We see a big interest from the community in smaller crypto-backed loans. This market has been heavily underserved, and typical loan minimums in the current market are often too high. Bankera Loans solution offers our clients the possibility to take a loan as low as 100 EUR so that all clients can obtain the financing they need”, Bankera’s co-founder Vytautas Karalevičius explained.
The solution also welcomes business clients looking to utilize their crypto assets to get quick financing for leveraging positions,