Here's the news - Sovcombank is now offering loans secured by Bitcoin. The first bank in Russia to openly provide this service. Honestly, I didn't expect traditional banks to start integrating crypto into their services so quickly.

The idea is simple: you have Bitcoin, you don't want to sell it, but you need cash — you put it up as collateral and get a loan. Instead of selling your assets. It's an alternative to p2p lending, but through an official bank with its guarantees.

I think this could be interesting for crypto investors — obtaining liquidity without selling. Although, the question is about interest rates and collateral conditions. Has anyone tried this yet?