Bitcoin-backed property investment becomes new avenue for Cayman Islands residency By Cointelegraph
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© Reuters.
The Cayman Islands has long been an idyllic beach getaway for tourists, but the archipelago could soon welcome (BTC) holders as new residents through BTC-backed loans used to invest in real estate.
Bitcoin banking firm Ledn, which is registered with the Cayman Islands Monetary Authority as a virtual assets service provider (VASP), is providing an avenue for Bitcoin holders to use their BTC as collateral for loans to invest in real estate on the islands.
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© Reuters.
The Cayman Islands has long been an idyllic beach getaway for tourists, but the archipelago could soon welcome (BTC) holders as new residents through BTC-backed loans used to invest in real estate.
Bitcoin banking firm Ledn, which is registered with the Cayman Islands Monetary Authority as a virtual assets service provider (VASP), is providing an avenue for Bitcoin holders to use their BTC as collateral for loans to invest in real estate on the islands.
Continue Reading on Coin Telegraph
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