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?
write
preview
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
reply