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CRYPTO CORNER: Major US Bank Rolls Out Crypto-backed Loans

Greater cryptocurrency adoption seems to be coming every day. Now a large US bank, BankProv (formerly Provident Bank) is lending money to clients through a mechanism allowing the loan to be backed by the second most popular (behind Bitcoin) cryptocurrency, ETHEREUM.

This is a forward-thinking practice by that bank’s Board of Directors and top management. Neeeexxxxxt???

 

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