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Seeking Alpha 2021-01-13 12:55:15

DPW Holdings to provide business loans collateralized by bitcoin, Ethereum

DPW Holdings' (DPW) Digital Power Lending ("DPL") unit is preparing to start originating loans collateralized by both bitcoin and Ethereum.The new program extends DPL's lending services established in 2017 that provide funding to businesses through secured and unsecured commercial loans throughout the U.S. It expects that the new collateral program will begin on about March 10, 2021.Bitcoin, recently trading at ~$34,239, had reached $40K on Jan. 9.

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