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16 sats \ 1 reply \ @k00b 1 Dec 2022 \ parent \ on: Hello Stackers! Bold is a credit card backed by your bitcoin stack. AMA! bitcoin
That's what I was looking for, thanks! I'm a debt-phobe so not super acquainted with the space. So this like a secured line of credit, which I presume could be any kind of asset, but Bitcoin allows the securing asset to be held in a collaborative manner rather than in some weird legal or custodial arrangement.
Are there any other unique advantages using Bitcoin gives Bold? Are all the KYC requirements the same, for example?
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34 sats \ 0 replies \ @Bold_Bitcoin OP 1 Dec 2022
Bitcoin is the asset, we only work with bitcoin. I think the world is starting to realize the benefits of it as collateral. And way easier than other assets that can be used as collateral - no rusty pipes or leaky roof :)
KYC is similar to a typical credit card, yes
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