Based on Bitcoin.com, Lava, a bitcoin-focused financial platform, has raised $200 million and launched a global bitcoin-backed line of credit (BLOC) with borrowing rates starting at 5%. The product allows users to access instant USD liquidity without selling their bitcoin holdings. The platform is backed by Founders Fund, Khosla Ventures, Susquehanna, and investors like Anthony Pompliano and Eric Jackson. Lava’s BLOC is now live at lava.xyz.
Lava Launches Bitcoin-Backed Line of Credit, Secures $200M Funding
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