This poll reports that UK Citizens are very interested in crypto loans, where crypto currencies are used as collateral. According to Coinbase research all interviewed people understood what is a real collateral: YOU have cryptos and you use it as a collateral. In this case I think it could be a good idea, but your capacity to give back the loan is the same. I hope they understood also this last concept: https://decrypt.co/77627/majority-uk-citizens-very-interested-crypto-backed-loans-coinbase-survey
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2 comments
Its funny I am British I love Celsius but I have absolutely no intention of ever borrowing crypto
In this case I think it’s worse: it comes from Coinbase, so Coinbase will be custodian andtraditional banks loaners of fiat!