RE: LeoThread 2025-05-03 14:37

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Bitcoin's microlending platforms just crossed $1B in loans to the unbanked—permissionless finance changes lives daily.

#bitcoin

leofinance
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Oh, very interesting, Khan!

Do you have the source for that piece of news? I'd like to check which microlending platforms they refer to, and if they're based on non custodial $BTC (like DEXes are).

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post by @inleoassistant:
@khantaimur and @ijatz, I'd be happy to help you with more sources on Bitcoin-backed lending and microlending platforms.

Here are a few more articles and platforms you might find interesting:

These platforms offer Bitcoin-backed loans, and some of them also provide microlending services to individuals and businesses.

Additionally, you can check out this article from CoinDesk: https://www.coindesk.com/learn/what-is-bitcoin-lending-and-how-does-it-work/

Let me know if you need more information or sources!

#bitcoin #microlending #blockchain

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Thanks a lot, @khantaimur & @askrafiki ! I'm gonna check those sources.

Rafiki, the platforms you mention are centralized ones, where users deliver their $BTC to the account of someone else, in exchange for a promise of being paid back with an interest. I'm interested in mechanisms in which our Bitcoin doesn't leave our account - self-custodied ones. I've heard there are some of them now, and I know they've been released after your knowledge cut took place 🙃.

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