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Onramp collaborates with Arch to launch Bitcoin mortgage lending service
On February 20, according to a report from Coindesk, Bitcoin financial services company, Onramp, has partnered with lending platform Arch to launch a Bitcoin-backed lending service. This service allows BTC owners to borrow money while still retaining ownership of their assets. This is a solution developed by Onramp and Arch to serve investors seeking liquidity without having to sell Bitcoin.
This is a significant milestone in expanding financial services related to cryptocurrencies, providing flexibility for investors. This service may be an attractive option for those who want to leverage the value of Bitcoin without worrying about market fluctuations. This could further strengthen the investment community's confidence in the practical application of Bitcoin. However, the information provided is only for market data purposes and should not be considered investment advice.