10 sats \ 3 replies \ @felix 4 Jan 2023 \ parent \ on: Faucet21 - Get an unsecured personal loan that automatically converts into BTC bitcoin
Yep, that's the only way they'd be able to provide lower installments than compared to traditional unsecured loans.
But they say you can withdraw the whole BTC amount either little by little or all at once. Wouldn't that be something different than layaway? Assuming I understand how layaway actually works...
reply
Good point.
No idea, honestly. They might still be in the phase of figuring this out. Let's see.
Could also just be "normal" unsecured loans, with the sole difference being that it's marketed towards bitcoiners. Wouldn't surprise me, tbh.
reply
Thank you. That sounds more plausible to me, but I'm curious. Yeah, let's see...
reply