First bitcoin-backed loan is made in Brazil

The operation, which is now regulated by the Central Bank, was carried out by fintech Rispar.

This month, fintech Rispar held its first bitcoin secured credit regulated by the Central Bank of Brazil. This milestone in the Brazilian market opens up new possibilities for
investment and financial organization.

“Bitcoin secured credit creates new opportunities for the investor, from a way to meet short-term obligations without having to sell assets to ensuring the comfort of the position and taking advantage of future appreciation. In these short downturns, the investor could increase his exposure to the asset without having to sell the ones he already owns ”, says Rafael Izidoro, Rispar’s CEO.

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