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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

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