Express

Expobank Issued The First Loan With Cryptocurrency As Collateral in Russia

Lily Yang

Summary: Expobank is the first bank in Russia ever to issue a loan with cryptocurrency as collateral, as reported by local media Kommersant. As confirmed by Waves CEO Alexander Ivanov, the loan is backed by WAVES token. While the amount is undisclosed, the loan was issued to businessman Mikhail Uspensky who revealed his intention of using ...

Expobank is the first bank in Russia ever to issue a loan with cryptocurrency as collateral, as reported by local media Kommersant.

As confirmed by Waves CEO Alexander Ivanov, the loan is backed by WAVES token. While the amount is undisclosed, the loan was issued to businessman Mikhail Uspensky who revealed his intention of using WAVES instead of selling them.

By Lily Yang

Last Update:

Tags: ,,
Link: Expobank Issued The First Loan With Cryptocurrency As Collateral in Russia   [Copy]
Next:

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 4 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 10 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 13 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 14 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 17 days ago

    • You need to login to comment.