LQD Business Finance Launches Development of Bitcoin Business Lending Platform

CHICAGO, Feb. 19, 2021 /PRNewswire/ — LQD Business Finance, a leading tech-enabled alternative lender, launches the development of the world’s first Bitcoin business lending platform. This cutting-edge platform will make LQD Business Finance the first company to use Bitcoin as currency for commercial loans.

Chicago-based commercial lender launches the development of first-ever loan service with Bitcoin as currency

While Bitcoin can be used as collateral to obtain a loan currently, the company’s platform will be the first to use Bitcoin as a lending currency. LQD Business Finance’s platform will achieve this goal in two key ways.

First, LQD Business Finance will build upon the Provenance blockchain to make the process of documenting and packaging loans more efficient. “Bringing increased efficiency and accuracy to commercial lending at the core of LQD’s DNA. Adding a blockchain to our existing tech-stack enables us to better achieve that goal,” says LQD CEO George Souri.  

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Fox Business Correspondent Claims Entire Bitcoin Supply Is Lost

Bitcoin is the talk of mainstream media, Wall Street, business, and more. No television segment on finance these days doesn’t include a mention of the top cryptocurrency.

But it has unfortunately led to some serious blunders, and misinformation being spread. A recent example is especially laughable and demonstrates how poorly researched news anchors or their writers can be, as one Fox Business correspondent is claiming the entire BTC supply has been lost or stranded in what he says could “be the premise for a great movie” – a movie that’s entirely fiction.

Fact Or Fiction: Don’t Beleive What You Read About Bitcoin In The Media

Bitcoin has been around for well over a decade now. By the time it took the world by storm in 2017, the majority of the mainstream public still hadn’t yet heard of the cryptocurrency

It is now three full years later and the

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Bitcoin Is Likely to Survive (as a Speculative Asset)

One underappreciated feature of crypto markets is the lack of centralization. I mean, people know crypto assets are decentralized and trade on exchanges all over the world. But what’s often overlooked is the relative ease with which people can change the venues they buy and sell their holdings on. 

If, for instance, Jeff Sprecher (chairman of the New York Stock Exchange) says something that upsets you, you couldn’t exactly stop trading on the NYSE without liquidating a good percentage of your portfolio, because, for many stocks, it is the only trading venue. 

However, if a crypto exchange does something you fundamentally disagree with, you can trade your crypto assets elsewhere. There is no shortage of options.

You’re reading Crypto Long & Short, a newsletter that looks closely at the forces driving cryptocurrency markets. Authored by CoinDesk’s head of research, Noelle Acheson, it goes out every Sunday and offers a

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