The first Bitcoin-backed loan has been issued to a Canadian company allowing cryptocurrency holders to liquify their assets without selling. Bitcoin Loan a ‘Game Changer’ Canadian company Ledn, has purportedly become the first and only local lender to issue Canadian dollar loans using Bitcoin as collateral, according to local media Wealth Professional. The loan was given to Bitcoin payment processor Bylls. According to the company’s CEO Francis Pouliot, the loan solved important issues as it enabledRead MoreThe post First Bitcoin-Backed Loan Issued in Canada appeared first on Bitcoinist.com.
