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A few weeks ago we launched the ability for http://Blockchain.com"> http://Blockchain.com users to borrow PAX USD using their #bitcoin 
https://abs.twimg.com/hashflags... draggable="false" alt=""> (BTC) as collateral without leaving their http://Blockchain.com"> http://Blockchain.com Wallet. We’d love to share some interesting ways customers have used the feature.
(1/9) A threadhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Down pointing backhand index" aria-label="Emoji: Down pointing backhand index">
(1/9) A thread
(BTC) as collateral without leaving their http://Blockchain.com Wallet. We’d love to share some interesting ways customers have used the feature.(1/9) A thread https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Down pointing backhand index" aria-label="Emoji: Down pointing backhand index">" title="A few weeks ago we launched the ability for http://Blockchain.com users to borrow PAX USD using their #bitcoin https://abs.twimg.com/hashflags... draggable="false" alt=""> (BTC) as collateral without leaving their http://Blockchain.com Wallet. We’d love to share some interesting ways customers have used the feature.(1/9) A thread https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Down pointing backhand index" aria-label="Emoji: Down pointing backhand index">" class="img-responsive" style="max-width:100%;"/>
(2/9) Many people who currently hold BTC as a long-term investment — the #HODL crowd, if you will — don’t want to sell it. But sometimes it’s helpful to get quick funds either for an emergency or to help make payments if their financial situation suddenly changes.
(3/9) The most common use case we see for borrowing against crypto is to use the borrowed funds to trade crypto, effectively providing leverage on a trade.
(4/9) Ex: User deposits .5 BTC as collateral & immediately borrows up to half that amount in PAX. Roughly $1700 at today’s price. They use that $1700 of borrowed PAX on the http://Blockchain.com"> http://Blockchain.com Exchange to make crypto trades with the goal of earning extra return on investment.
(5/9) Another creative user decided to use the funds as an ‘arbitrage’ opportunity to borrow money for 5% APY and then to deposit it in an account that earns interest at a higher rate.
(6/9) Ex: Imagine the same user deposits .5 BTC and borrows the equivalent of about $1700 worth of PAX, paying 5% APY. They then send it to another lender of PAX who pays a higher APY. As long as they monitor the rates they can feasibly profit off of that arbitrage opportunity.
(7/9) NOTE: This is just our way of showing you the types of things we’ve seen our users do, which you might like to consider with a borrow. This does not constitute investment advice or a solicitation to borrow.
(8/9) In fact, only do so if you understand the variables and have consulted with an independent financial and/or advisor.
(9/9) Would love to hear any other creative ways you can think of using borrowed funds with your BTC as collateral. https://abs.twimg.com/emoji/v2/... draggable="false" alt="👨💻" title="Man technologist" aria-label="Emoji: Man technologist"> Reply to this thread or visit our help center to learn more: https://bit.ly/34VjD3m ">https://bit.ly/34VjD3m&q...
