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Tag Archives: Loans

Ways US Students Save Money on College Tuition and Loans

Most Americans have a hard time paying off their student loans. With many college students needing and wanting a degree combined with the high cost of a college education, families are trying their best to find a way to help their kids get through college. The good news is there are ways to save an average of $40,000 in tuition ...

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World’s Fourth Largest Bank by Assets Trials Blockchain Loans Backed by Land

The Agricultural Bank of China (ABC), the world’s fourth-largest bank by assets, has issued its first loan on blockchain, local news outlet Financial News reported July 31. State-owned ABC, which counts itself among China’s “Big Four” lenders, revealed it had issued a loan worth around $300,000 backed by a piece of agricultural land in the Guizhou province. According to Financial ...

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Deribit Make a Reality of Crypto-Backed USD Loans

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Cryptocurrency startup Deribit offer users fiat loans based on the cryptocurrency collateral. Deribit started as a Bitcoin Futures and Options trading platform that went live in the summer of 2016. Now, they’re bringing ...

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Bank of Queensland Customers Can No Longer Buy Bitcoin With Home Equity Loans

Various banks around the world have shown a tendency to oppose cryptocurrency. Bank of Queensland is doing exactly that, even though its decision makes a lot of sense. Clients were tapping into home equity loans to buy cryptocurrency, which is ill-advised. Bank of Queensland Bans Crypto Buying When consumers spend their own money on cryptocurrency, there is usually no real ...

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Bank of Queensland Bans Crypto Purchases Using Home Equity Loans

Australian retail lender Bank of Queensland is updating its borrowers’ loan contracts to keep them from purchasing cryptocurrency using mortgage funds. Brisbane-based Bank of Queensland, a retail bank listed on Australia’s primary stock exchange is discouraging its borrowers from using real-estate mortgages to purchase cryptocurrency after deeming it a high-risk investment, according to the Australian Financial Review. Citing a mortgage ...

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Australian Bank Bans Use of Home Equity Loans for Crypto Trading

The Australian Bank of Queensland has banned property buyers from using home equity to buy cryptocurrencies, the Financial Review reported July 12. The Bank of Queensland is reportedly the latest institution to bar credit lines from loans to be used for leveraged purchases or trading of cryptocurrencies. The bank justified the ban with the potential high-risk of these kind of ...

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Millennials Will Never Recover From 2008 Financial Crisis, Student Loans Worsen the Issue – The Merkle

According to a study released by the Federal Reserve Bank of St. Louis entitled “A Lost Generation”, millennials will never be able to recover from the Great Recession and the 2008 financial crisis. The Fed stated that families headed by someone born in the 1980s have net worths that are 34 percent lower than expected. The report read: We found that typical families headed by ...

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German Bank Uses Bitcoin’s Blockchain for International Loans

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the largest network in the world enabling financial institutions to exchange formation about financial transactions. Cryptocurrencies are now taking over the business. Bitbond Allows Small Businesses German online bank Bitbond has announced it uses the Bitcoin’s blockchain to facilitate international transfer of fiat loans. Loans are transferred to the borrower using ...

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Leverage Your Blockchain Assets to Secure Cash Loans with Kambo!

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. Put ...

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ETHLend Seeks European License to Issue Fiat-Based P2P Loans – The Merkle

It is evident there is a bright future ahead for companies looking to mix lending with cryptocurrency. So far, few of these efforts have been particularly successful, but there are always exceptions. In the case of ETHLend, the company is looking to expand into the fiat currency industry. It’s a remarkable development, as we hardly ever see a cryptocurrency firm expand to fiat, ...

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