Bitcoin lending platform Lava completes $200 million in financing

According to Foresight News, Bitcoin Magazine reports that Bitcoin lending platform Lava has completed US$200 million in financing and launched a new product - Bitcoin Line of Credit (BLOC). This product functions similar to a securities mortgage loan or a home equity line of credit, but allows users to borrow flexibly with Bitcoin as collateral without having to bear the monthly repayments or term restrictions common in the current Bitcoin mortgage loan market. In addition, Lava also introduced two well-known angel investors, namely Bitcoin investor and entrepreneur Anthony Pompliano and EMJ Capital founder Eric Jackson.

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