South Korea’s Jeonbuk Bank Launches First Bitcoin-Backed Corporate Loans

The post South Korea’s Jeonbuk Bank Launches First Bitcoin-Backed Corporate Loans appeared first on Coinpedia Fintech News

South Korea’s Jeonbuk Bank has launched the country’s first loan program allowing businesses to borrow Korean won using Bitcoin as collateral. The program initially serves corporate clients who need funds for business operations, with plans to consider expansion based on regulatory changes and market demand. Jeonbuk Bank Limits Bitcoin Loans to Businesses Announced on October …