The buyers will receive interest, and once the mortgage is paid back by the borrower, the crypto collateral is returned. When it involves crypto lending, there is a usual yearly yield that could be expected. For crypto coins, it is from 3% to 8%, whereas for stablecoins, it varies from 10% to 18%.
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The 2 banks have launched this project in partnership with 12 different banks, together with ABN Amro, Deutsche Bank, ICICI Bank, and Lloyds. Some companies are using blockchain technology to enhance B2B funds in creating economies. One example is BitPesa, which facilitates blockchain-based payments in nations like Kenya, Nigeria, and Uganda. The company has processed hundreds of thousands of dollars in transactions, reportedly rising 20% month-over-month.
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