South Korean bank launches Bitcoin-backed business loans: Report

Jeonbuk Bank reportedly began offering Bitcoin-backed loans to corporate customers, with a third-party custodian holding the cryptocurrency used as collateral.
Source: South Korean bank launches Bitcoin-backed business loans: Report (https://cointelegraph.com/news/south-korea-jeonbuk-bank-bitcoin-backed-business-loans?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)