Japanese financial group SBI launches bitcoin lending service

The largest financial conglomerate of Japan SBI Holdings through its division SBI VC Trade launched a new service - issuing loans in bitcoins.

A new service called VC Trade Lending allows users to give each other loans in bitcoins and receive 1% annual taking into account taxes. Although now the service supports only bitcoin, In the near future it is planned to add ETH and XRP. The minimum loan amount is 0.1 BTC, That is, at the current course approximately $1 900. The maximum loan volume is limited 5 BTC ($95 000).

In the statement SBI VC Trade reports, that VC Trade Lending does not provide for account management or annual contributions. The service accepts deposits in cryptocurrencies and Japanese yen without a commission, But for the conclusion of the fiat currency, you will have to pay the commission.

In early October, SBI Holdings completed the purchase of the Taotao cryptocurrency exchange. This is the second similar site in the assets of the Japanese financial group.