“The setup is pretty simple. You hand over your bitcoins to PawnCoin, and they store them in a ‘cold’ bitcoin wallet that is not connected to the internet. A month later, you pay back the cash, plus a healthy 10 percent interest, or Light and Hilsz get to keep your bitcoins. You can’t pawn your bitcoins just yet, but you can sign up to beta test the service. Light hopes to have the PawnCoin up and running by the end of March. Early interest seems to be coming from people who want to leverage what they own to buy even more bitcoins, he says.”
http://www.wired.com/wiredenterprise/2013/12/pawncoin/
(Visited 37 times, 1 visits today)
Related posts:
The head of the IMF says bitcoin is 'too expensive for me at the moment'
When the US Invaded Russia
Chinese Investment in the U.S.
Third largest cryptocurrency PPCoin moves into spotlight
Police Groups Furiously Protest Eric Holder's Marijuana Policy Announcement
Same sex marriage measures approved in three states
Six Years Ago, Chuck Hagel Told the Truth About Iraq
Dzhokar Tsarnaev’s Throat Wound: Another Government Lie Bites the Dust
FOIA Documents: DHS Monitored Opposition to ‘See Something, Say Something’ Program
Dollar Bears Love Silver Coins
For Smoking Marijuana, the Government Ruined This Man’s Family Forever
Post Office Funding Is Not About Preserving Mail
California cops defend seizing video depicting fatal beating case
Glenn Greenwald: Obama moves to make the War on Terror permanent
Elderly couple pulled over, questioned after their Buckeye car decal is mistaken for a marijuana lea...