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IOTA token as security for Bitfinex Borrow »CryptoNinjas added

Bitfinex, the popular platform for exchanging cryptocurrencies, announced today that it has added IOTA as collateral for Bitfinex Borrow. after it was successful in a recent social media survey.

An overwhelming majority of Bitfinex’s growing community chose IOTA. Collect 87.6% of the votes in a social media poll with the token.

“Our customers have spoken. IOTA’s success in our recent social survey is testament to its continued popularity and track record in innovating in distributed ledger technologies. “
– Paolo Ardoino, CTO at Bitfinex

JOTA

Bitfinex customers can now receive loans of up to 70% of the value of their IOTA holdings in US dollars (USD). Borrowers must control their own risk of fluctuations in the IOTA price.

Bitfinex Borrow is a peer-to-peer P2P digital lending portal (P2P) that allows users to borrow money from other users by using their cryptocurrency or fiat assets as collateral.

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