“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/
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